banking, mobile money transfer and mobile wallet all of which generally refer to payment services operated under financial regulation and performed from or via a mobile device.The offering of this service by the Global System for Mobile Communications (GSM) Operators in Liberia, particularly LonestarCell MTN http://www.lonestarcell.com/ is quite timely and has it’s advantage in this increasingly rushing country.
However, like the M-Kesh of Mozambique, it will slowly but gradually get there.
Moreover, I think that the GSM Operators or Liberia Telecommunication Authority http://lta.gov.lr/ should come up with a unique nomenclature for this service instead of Mobile Money which is the term use when referring to the technology.
Mobile Money is a term that refers to mobile financial services, mobile payment, mobile banking, mobile money transfer and mobile wallet - all of which generally refer to payment services operated under financial regulation and performed from or via a mobile device.
The Global System for Mobile Communications (GSM) operators in Liberia, particularly LonestarCell MTN http://www.lonestarcell.com/ have begun offering this service, which is quite timely and has its advantages in a country where the economy is growing. At the same time, like the M-Kesh of Mozambique, the uptake of mobile money services in Liberia has been slow to start.