Overdraft feature introduced for Vodafone cash customers

Vodafone’s mobile financial service, Vodafone Cash, has introduced a unique credit option called “Vodafone Cash Overdraft”.

This feature allows customers to seamlessly borrow money to complete specific transactions without penalties due to insufficient funds.

This new service offers Vodafone customers much more convenience when buying packages, paying bills and sending money across all networks, as the heavy customer drop during a transaction due to insufficient funds is eliminated.

Commenting on the new service, David Umoh, Director of Consumer Business Unit at Vodafone Ghana said:

“Innovation is one of our core principles as a technology company. For this reason, we continue to develop products and services that create customer value. Vodafone overdraft is no different. The service aims to provide customers with instant cash to carry out their important daily transactions.

“I am confident that this new service will bring convenience to customers and improve financial inclusion in the country. I invite all Vodafone customers to take advantage of this new offer to enjoy enhanced financial services.”

The 30-day credit service, guaranteed by Consolidated Bank Ghana, has a daily interest rate of 0.23% and has been designed to be withdrawn from customers’ Vodafone Cash wallets when they fund their account.

Since its inception, Vodafone has focused on liberalizing the mobile money platform to include everyone and different.

In line with this goal, Vodafone Cash has proactively introduced innovative and innovative initiatives and campaigns to promote financial inclusion.

This includes the complete waiver of fees for transfers to any network via Vodafone Cash. This service brought great relief to Ghanaians after the introduction of e-levy.

By:Sheila Satori Mensa