MTN withdraws decision to increase MoMo cash-out fees from July 1

Mobile telecommunication leaders MTN have withdrawn the decision to increase Mobile Money fees.

The decision, which will see a 1% charge on transactions up to GH¢2,000 and a flat rate of GH¢20 for transactions above, was to take effect from Saturday, July 1.

But the telecommunication giants say the decision has been put on hold indefinitely.

“The planned review of cash-out fees for MoMo, has been withdrawn,” MTN Ghana said on Monday, June 26.

“The current cash out fee of 1% capped at GH¢10 still remains and will be charged to your wallet.”

“Do not pay any other fees”

“We apologise for any inconvenience this may have caused. Just MoMo it.”

(20) MTN Ghana on Twitter: “Y’ello valued customer, please take note of this special message regarding MOMO cashout. #JustMOMOIt #goodtogether https://t.co/RUALHHXXZ6” / Twitter

Source – 3news.com