About 200 businesses have signed up to display their wares at the Vodafone headquarters premises as part of activities marking the Vodafone Cash Month.
Vodafone Financial Services, the financial wing of telco giant Vodafone Ghana has set June as the Vodafone Cash Month as part of efforts to limit cash transactions while boosting e-cash transactions in a bid to help actualise Vice President Bawumia’s cash-lite goal.
Head of Vodafone Cash, Martison Obeng-Agyei told the media there are many benefits of transacting business through the Vodafone Cash system.
“There wouldn’t be I don’t have change issues when both parties use the e-platform. Again businesses do not have to be weary of armed attacks after a day’s sales as they can move funds to their bank account safely and conveniently on their phones. And when one loses his phone, he just has to get his sim or chip re-issued and another phone to have his account back,” Mr. Obeng-Agyei disclosed.
Vodafone Cash has been around for three years and the Vodafone Cash head stressed “you are in the media and have heard of breaches competitors face. Vodafone Cash has no issues with such breaches because we take time to introduce products so our system is robust.”
Vendors at the Vodafone Ghana premises displayed products ranging from food and beverage, clothing, foot wear, lingerie, beads, cosmetic products, shades, weaves/wigs to perfume. Displaying deeds and not mere words, vendors only sold to buyers who paid using electronic money or the Voda Cash. There was also up to 50 percent discount on products.
Mr. Obeng-Agyei also reckoned that dealing more with electronic money saves cost on printing paper money, transporting it in bullion vans, incurring cost on security while it’s also costly to shred and discard old notes.
To better enrich the cashless transaction experience, Vodafone Financial Services has partnered with Multichoice Ghana to enable payment of DSTV bills using Vodafone Cash while also integrated Homechow App in the system such that meals can be ordered from homes and offices using the Voda Cash.
By Michael Eli Dokosi/goldstreetbusiness.com