LoneStarCell MTN, GN Bank to Improve Digital Banking through Launch Mobile Money Service

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MONROVIA – LoneStar Cell MTN Liberia and GN Bank Liberia have vowed to improve digital banking system in Liberia as means of putting Liberia on par with other nations on the continent.

Report by Edwin G. Genoway, [email protected]

The institutions made the disclosure at the launch of a huge collaboration to start providing Mobile Money service at the GN Bank Liberia.

GN bank being the latest bank to launch the service, Lonestar Cell MTN has been operating mobile in other banks and business places in Liberia, but LoneStar Cell has described the bank as one of the reliable banks in Liberia to work with. 

Speaking at the launch of the Mobile Money Service at the GN Bank head office on Broad Street, the Chief Executive Officer of the Bank, Joseph K. Anim said it is a fact that digitization of the economy cannot be negotiated whether Liberia is ready or not. He said, the Global trends require that everyone wake-up to Electronic and Digital Opportunities such as the Mobile Money.

He said the current challenges with liquidity in the economy makes this direction more imperative, noting that digital money or Mobile Money will improve financial inclusion by bridging the gap between the banked and the unbanked.

“It will also allow the banked and unbanked to interact at the same level; today therefore marks a major landmark in our financial landscape. I recall that on a few occasions when I have had the forum to make remarks, I had mentioned that as a Bank, our strategy has been in two folds – to stabilize the bank we took over in June 2016 and thereby provide a good base for an exponential growth in the Liberian economy, to prioritize technology and introduce products and services driven by technological innovations,” he said. 

He further stated that: “Today, we are thankful to LoneStar MTN Mobile Money for giving us the platform to move a step further in delivering our promise. Our focus as a Bank is in the retail sector and therefore, we plan to be one of the key agents for Lonestar MTN Mobile Money in key counties such as Sinoe, Lofa, Margibi, Bong, Grand Bassa, Rivercess and indeed Montserrado County.”

He mentioned that in the world today, mobile phones subscribers use the platform for transactions and services including domestic and international remittances, bill payments, payroll deposit, purchases of goods and services ranging from prepaid airtime to groceries.

He said the bank’s collaboration with Lonestar Mobile Money is to provide the deserving people of Liberia with the convenience of transacting business wherever they are.

The GN Bank CEO noted that over the last year, as the bank pursued the second phase of its strategy; they (GN Bank) have improved its products and services by providing customers with E- Alerts Services, E- Statements, SmS – Alerts and Internet Banking Services.

He said in the first quarter of 2019, the bank looks forward to add to the package ATM Services and Mobile Van Banking Services.

“GN Bank is the people’s bank and our overarching aim is to bring banking to the doorsteps of the customer and I wish to thank LoneStar for giving us a platform to serve our customers,” he said.

For her part, the proxy of Lonestar Cell MTN CEO at the program, Madam Massa M. Dennis said the launching of the service will afford Mobile Money users doing business with the bank to use the service.

Madam Dennis described the bank as one of Liberia’s most reliable bank and urged customers to take interest in the Mobile Money at the bank.

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