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Media Releases


July 2009

MTN launches Mobile Money in Ghana

MTN has successfully launched its Mobile Money offering in Ghana.

Africa's leading telecommunications provider has commercially launched this service to its subscribers in Uganda and its West and Central Africa (WECA) operations including Cote d'Ivoire and Nigeria after successful pilots last year.

MTN Ghana launched Mobile Money ahead of its competitors in partnership with nine banks*. The service will allow Ghanaians to perform a range of basic financial transactions using their handsets without the need to open or have a bank account.

The service, which was launched at the International Conference Centre in Accra recently, will allow subscribers to have access to money beyond banking hours or at anytime.

MTN Mobile Money gives cash management freedom to subscribers in line with MTN's pay off line: "everywhere you go"™ for as long as users can access MTN's network.

This service which will also be available on the Internet will enable users to save time for other activities.

Mr. Brett Goschen, MTN Ghana CEO, said: "The introduction of MTN Mobile Money which is convenient, accessible, safe and easy demonstrates the company's commitment to bring world class mobile services to subscribers in all parts of the country"�.

He added that the platform also allows non-MTN customers, including those who do not have a cell phone, to transfer or receive money by using the services of the authorised MTN Mobile Money merchants.

" The secured system and processes conforms to best practices in the industry and highly regulated by relevant authorities,"� said Goschen.

With this innovative product, subscribers would enjoy the convenience of easily transacting from the comfort of their homes or offices at any time of the day, instantly.

* CAL Bank, Ecobank, Fidelity Bank, GTBank, Intercontinental Bank, Merchant Bank, UBA, Stanbic, Zenith Bank

Ends

- Issued by MTN Group Corporate Affairs

ABOUT MTN GHANA

MTN Ghana is the market leader in the increasingly competitive mobile telecommunications industry in Ghana. Scancom Limited operators joined the MTN Group through its acquisition of Investcom (Areeba) during 2006 and re-branded to MTN Ghana on 2 August 2007.

MTN Ghana has committed itself to delivering a wealth of experience and innovation in the mobile industry and seeks to further enrich Ghana’s telecommunications market. Visit www.mtn.com.gh

ABOUT THE MTN GROUP

Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN". As at 31 March 2009, MTN recorded 98,2 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa™ and has exclusive mobile content rights for Africa and the Middle East. Visit www.mtn.com and www.mtnfootball.com

For more information contact:

Mawuena Dumor, +233(0)244300000 ext 6060 or madumor@mtn.com.gh