Money transfers and bill payments using a cell phone are now possibilities in Guyana.
Last evening, at the Pegasus Hotel, the Guyana Telephone and Telegraph Company (GT&T) launched its Mobile Money Guyana (MMG) service and is now promising to introduce the use of cell phones to shop at supermarkets and even receiving international transfers.
With over 60 agents countrywide, GT&T will be hoping to use its partnership with the Guyana Bank for Trade and Industry (GBTI) to increase its market share in especially the hinterland, where banking facilities are scarce. Continue reading →
Chief Executive Officer of the Guyana Telephone and Telegraph Company, Yog Mahadeo, has resigned. News of his resignation came yesterday.
Until a replacement is found, the telephone company would be headed by former Chief Executive Officers, Sonita Jagan and Major General (ret’d) Joe Singh.
Mahadeo’s resignation came in the wake of the completion of the investigation by officials of Atlantic Tele Network into financial irregularities by the telephone company. ATN is the GT&T’s parent company.
About a month ago the investigators descended on the company when news broke that four financial officers, Chief Financial Officer Royston Rachpaul, Sachin Persaud, Caramchand Rambarran and Richard Sukhdeo were involved in irregularities during the recent T10 competition sponsored by the telephone company. Continue reading →
