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MobileMoney LTD and ReFinD Partner to Enhance Financial Inclusion in Underserved Communities
The Retail Financial Distribution Research Initiative (ReFinD), a flagship program of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, has partnered with MobileMoney LTD to conduct groundbreaking research on Mobile Money agent networks.
This collaboration aims to promote financial inclusion among underserved and vulnerable communities in Ghana.
Under the agreement, MobileMoney LTD will provide critical implementation support, including access to Mobile Money agents and market insights, to grantees under the ReFinD initiative. The partnership will focus on:
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- Exploring ways to promote the entry of new agents into the market, thereby improving market intermediation.
- Identifying and addressing economic and non-economic constraints faced by agents to scale up financial access.
“This partnership perfectly aligns with ReFinD’s mission of understanding and improving financial service delivery to underserved communities,” said Prof. Peter Quartey, Director of ISSER and Executive Director of ReFinD. “We are confident that our research model and findings will serve as a blueprint for similar studies across MTN’s African markets.”
Shaibu Haruna, CEO of MobileMoney LTD, emphasised the significance of the partnership in advancing financial inclusion for all Ghanaians.
“We look forward to working with ReFinD as a partner that is also committed to promoting financial inclusion and unlocking a world of financial possibilities for every Ghanaian,” he said.
Beyond the scope of the ReFinD initiative, MobileMoney LTD will collaborate with ISSER on additional research projects aimed at broadening financial access. This partnership signals a strong commitment from both organisations to leverage research and innovation to address barriers to financial inclusion.
