Liberia’s leading cellular giant, Lonestar Cell MTN has upgraded its Mobile Money Financial Platform to effectively handle transactions in both United States and Liberian Dollars independently.
A release from the company revealed that it will commence United Stated Dollars transaction on its Mobile Money Platform as soon as it receives approval from the Central Bank of Liberia (CBL). This new digital migration by Lonestar Cell MTN is a massive boost for the company and a sigh of relieve forcustomers who had long for the US Dollars’ component, alongside the Liberian Dollar.
The Chief Executive Officer of Lonestar Cell MTN, Babatunde Osho, said “We are excited that theNew Platform is robust and has the capability of delivering many financial services. The New Mobile Money Platform will add value, help stimulate the economy and allow subscribers to maximize the benefits of the dual currencies applications. This platform is sure meant to boost the benefits accruing from the money economy and that conscious effort must be aimed at integrating the local money economy.”
It will be a good thing if local entrepreneurs would increase their participation in the area of provision of goods and services, described as local content one observer noted. Over the past few days Lonestar’s Mobile Money Service has been undergoing rigorous technological reform to ensure a smooth path fora soft landing in the delivery of the bold new digital financial world to its customers and cope with the growing market demands.
Lonestar Cell MTN Mobile Money Service is fast, simple, convenient,secure and affordable in transferring money, making payments and doing other transactions using a mobile phone as a bank in your hand.
The service is offered by Lonestar Cell MTN in partnership with some banking institutions. Subscribers to the service can send and receive money, top-up, airtime, pay bills (DStv, LEC, School fees, petrol, groceries