Ghana to launch Chamber of Online Payment and Mobile Money Operators

Ghana’s booming digital financial sector is set to take a significant step forward with the imminent launch of the Chamber of Online Payment and Mobile Money Operators (COPMO). 

The new organisation aims to unify and represent industry players, fostering innovation, security, and financial inclusion in the country’s fast-evolving digital economy.

The launch of COPMO comes at a critical time, as Ghana has witnessed an explosive rise in mobile money and online payment adoption, fundamentally transforming how individuals and businesses conduct transactions. While this surge signals a thriving digital economy, it has also highlighted the need for a structured body to address industry challenges and ensure sustainable growth.

COPMO’s primary objective is to serve as a strong, unified voice for online payment platforms and mobile money operators. The Chamber will work closely with regulatory bodies to shape policies that promote a secure and efficient digital financial ecosystem.

The key areas of focus for COPMO include enhancing interoperability, strengthening cybersecurity, promoting financial inclusion, fostering innovation, and advancing skills development.

“Our partnership with relevant bodies is a noteworthy aspect of COPMO’s strategy,” a representative of the organisation stated. Recognising the immense job creation potential within the digital finance sector, the Chamber plans to train young Ghanaians in mobile money operations, customer service, software development, and cybersecurity.

The launch of COPMO is expected to have a significant impact on Ghana’s economy. By streamlining operations, promoting best practices, and advocating for supportive regulations, the Chamber will help build trust and confidence in digital transactions. This, in turn, will encourage more individuals and businesses to adopt digital financial services, driving economic growth and expanding financial inclusion across the country.