Sim Registration: What happens to accounts with e-cash after the sim has been blocked?

Some mobile phone subscribers in Ghana who have not yet registered their SIM cards are expressing concerns about the fate of their mobile money wallets if they are unable to re-register their SIM cards by the given deadline and consequently lose their phone numbers permanently.

They are calling on the National Communications Authority (NCA) and the Ministry of Communications to provide information on this matter.

While the NCA is yet to provide specific details, some subscribers believe that their money should be safe as long as there is a record showing the funds in their mobile money accounts. They speculate that the money sits with the banks rather than the telecom companies, so if the telcos block their accounts permanently, their money should still be held by the banks.

They suggest that there should be a way to identify the account owner to facilitate the retrieval of their funds from the bank.

The SIM card registration deadline has been extended several times in the past, allowing subscribers who had not yet received their Ghana cards to do so. However, the Ministry of Communications has warned that this deadline will not be extended again.

After the deadline, subscribers who fail to re-register their SIM cards will lose access to making and receiving calls, as well as text messages, as the telcos will be required to block those lines from accessing any service.

Source: MyJoyOnline