Bank of Africa has rolled out a cash transfer service known as the Wari money transfer to cater to the ‘unbanked’ section in the country.
Leveraging the new service, which is currently available at all 19 branches of Bank of Africa in Ghana, the users can send and receive cash both locally and outside the country, as reported by ghanaweb.com.
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The bank is also planning to unveil the service at other banks in the country, namely First Atlantic Bank, Express Funds Transfer as well as rural banks and savings and loans facilities.
Bank of Africa alternative channels head Ahitophel Dwomoh was quoted by ghanaweb.com as saying: "You don’t need an account with Bank of Africa before you do a Wari transaction.
"Anybody can. The purpose of the platform is for us to be able to reach the unbanked so we don’t expect everybody to have account with us before they get the opportunity to transfer funds."
Following transfer of funds, a secure code is automatically sent to beneficiary’s mobile phone, who needs to submit their valid identity proof before they receive the funds, according to the lender.
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