Vodafone's mobile financial service, Vodafone Cash, has introduced a unique credit option called 'Vodafone Cash Overdraft.'
This feature enables customers to seamlessly borrow money to complete specific transactions without experiencing a decline due to insufficient funds.
This new service offers Vodafone customers much more convenience while purchasing a bundle, paying bills, and sending money across all networks, as it eliminates the abrupt drop customers experience during a transaction because of inadequate funds.
Commenting on the new service, David Umoh, Director of Consumer Business Unit at Vodafone Ghana, said:
“Innovation is one of our fundamental tenets as a technology organisation. This is why we continue designing products and services that create customer value. Vodafone Cash Overdraft is no different. The service aims to provide customers with instant cash to perform their important daily transactions.
"I am confident that this new service will provide customers with convenience and improve financial inclusion in the country. I urge all Vodafone customers to take advantage of this new offer to enjoy enhanced financial services.”
The 30-day credit service, which is underwritten by Consolidated Bank Ghana, has a 0.23% daily interest and has been provisioned to deduct from customers' Vodafone Cash wallets when they load up their accounts.
Since its inception, Vodafone has been focused on helping liberalise the mobile money platform to embrace all and sundry.
In line with this objective, Vodafone Cash has been proactive in the introduction of innovative and industry-first initiatives and campaigns to promote financial inclusion.
These include the complete waiver of charges on money transferred to any network via Vodafone Cash. This service has brought a great deal of relief to Ghanaians following the introduction of e-levy.
Latest Stories
-
Most Ghanaians are like single-phased wires -Prof. Akosa
22 minutes -
GUBA leads historic Memphis-Ghana Trade Mission, paving the way for diaspora investment
29 minutes -
KNUST declares 2 former students persona non grata over indiscipline, campus disturbances
42 minutes -
IGP clarifies comments on recruitment of Bawku youth into the police service
48 minutes -
GOIL CEO tours Tema Lubes Oil Company
2 hours -
Communication Minister meets Afriwave Telecom management
2 hours -
We cannot remain imprisoned in history and lamentation – Prof. Lumumba urges
3 hours -
Ukraine allies pledge €21bn in fresh military aid
3 hours -
Bawku: IGP’s recruitment comment may be well-intended but timing is bad – Security analyst
3 hours -
We must re-enter 21st century with laws known to Ghana – Prof Lumumba
3 hours -
Minority urges gov’t to take drastic action amid fresh clashes in Bawku
3 hours -
Bosompem Richmond writes: IGP Yohunu’s approach to Bawku conflict dangerous
3 hours -
Bawku crisis: IGP’s recruitment comment out of place – Minority
3 hours -
Lecturers exempted from post-retirement contract ban – Education Minister
3 hours -
U.S. Army Europe Band’s Barbarossa Woodwind Quintet thrills pupils of Ringway Estate Basic School in Accra
4 hours