Communications and Digitalization Minister Ursula Owusu-Ekuful has warned Mobile Money (MoMo) loan debtors who are considering not registering their SIM cards that they will be discovered.
This follows claims by Ningo Prampram MP Samuel Nartey George that some Qwik Loan customers who had not yet paid their debts in full had decided not to pay and were waiting for their SIM cards to be blocked before the second due date. from Sunday July 31, 2022.
“You have Qwik Loan customers who have taken it easy and people are holding back and not wanting to pay, they say, okay, if you want to deactivate my SIM card, let’s deactivate it. It deters you from attracting investors in the tech space. Remember, this quick loan has created a space for a new cadre of small businesses, people who take 500¢ or 1,000¢ and turn it around, run businesses, and pay off those facilities.
“The Qwikloan, at times, has put food on the table for families, you can’t underestimate the value of that. Right now the industry players are going to be scared. How can I invest in a industry like OTT [Operate Over the Internet] when a policy directive could one day cost me millions or billions of dollars? This is the kind of political inconsistency we need to talk about, Mr George told TV3.
But Madame Ursula Owusu-Ekuful said: “I have also been informed that some people who have obtained Qwik loans from their service providers have decided not to register these SIM cards to avoid repaying the loans. This is evil corruption and you will be discovered.