{"id":438685,"date":"2011-06-09T08:37:49","date_gmt":"2011-06-09T08:37:49","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/"},"modified":"2011-06-09T08:37:49","modified_gmt":"2011-06-09T08:37:49","slug":"banks-create-mechanism-for-sharing-services","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/","title":{"rendered":"Banks Create Mechanism for Sharing Services"},"content":{"rendered":"<div readability=\"40.2207602339\">\n<hr class=\"thin clear\" \/>\n<hr class=\"thin clear\" \/>\n<p><a href=\"http:\/\/www.poptel.org.uk\/mozambique-news\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg\" alt=\"Agencia de Informacao de Mocambique (Maputo)\" title=\"Visit Agencia de Informacao de Mocambique (Maputo)\" \/><\/a><\/p>\n<p>7 June 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>Maputo \u2014 Commercial banks in Mozambique on Monday created the Sociedade Interbancaria de Mocambique (SIMO) which will facilitate the operation of joint services such as ATMs (Automatic Teller Machines). This is intended to end the practice of customers being charged if they withdraw cash from an ATM of a bank other than the one where their account is held.<\/p>\n<p>The mechanism is intended to contribute to the better geographical distribution of banking services.<\/p>\n<p>SIMO is 51 per cent owned by the Bank of Mozambique, with the remaining owned by private banks including Barclays, African Bank Corporation, BCI, Millennium BIM, Standard Bank, Mauritius Commercial Bank, FNB, Banco Mercantil e de Investimentos, Banco Oportunidade, Banco Terra and the Cooperativa de Poupanca e Credito.<\/p>\n<p>The shareholder structure also includes the International Commercial Bank, Moza Banco, Socremo, Tchuma, Banco Unico and Banco Procredit.<\/p>\n<p>A major technological challenge for SIMO will be to integrate all banks through a single network.<\/p>\n<p>Speaking at the signing of the memorandum setting up SIMO, the Governor of the Central Bank, Ernesto Gove, noted that the population&#8217;s access to financial services and products is improving, although a large proportion of Mozambicans remain excluded.<\/p>\n<p>In 2009 only 22.2 per cent of the adult population had access to financial services, compared with 46 per cent in Tanzania and 45 per cent in Malawi.<\/p>\n<p>Today, the country has 16 banks and 417 branches distributed across 58 of the country&#8217;s 128 districts. Four years ago banks were only present in 28 district headquarters.<\/p>\n<p><\/p>\n<fieldset>\n<legend align=\"center\"><strong>More News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n<p>AllAfrica &#8211; All the Time<\/p>\n<hr \/>\n<\/div>\n<\/p>\n<p>Continued here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/allafrica.com\/stories\/201106090122.html\" title=\"Banks Create Mechanism for Sharing Services\" rel=\"noopener noreferrer\">Banks Create Mechanism for Sharing Services<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 7 June 2011 Maputo \u2014 Commercial banks in Mozambique on Monday created the Sociedade Interbancaria de Mocambique (SIMO) which will facilitate the operation of joint services such as ATMs (Automatic Teller Machines). This is intended to end the practice of customers being charged if they withdraw cash from an ATM of a bank other than the one where their account is held. The mechanism is intended to contribute to the better geographical distribution of banking services. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-438685","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks Create Mechanism for Sharing Services - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Banks Create Mechanism for Sharing Services - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"7 June 2011 Maputo \u2014 Commercial banks in Mozambique on Monday created the Sociedade Interbancaria de Mocambique (SIMO) which will facilitate the operation of joint services such as ATMs (Automatic Teller Machines). This is intended to end the practice of customers being charged if they withdraw cash from an ATM of a bank other than the one where their account is held. The mechanism is intended to contribute to the better geographical distribution of banking services.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Banks Create Mechanism for Sharing Services\",\"datePublished\":\"2011-06-09T08:37:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/\"},\"wordCount\":265,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/allafrica.com\\\/img\\\/static\\\/publishers\\\/minibanners\\\/aim180.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/\",\"name\":\"Banks Create Mechanism for Sharing Services - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/allafrica.com\\\/img\\\/static\\\/publishers\\\/minibanners\\\/aim180.jpg\",\"datePublished\":\"2011-06-09T08:37:49+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/06\\\/09\\\/banks-create-mechanism-for-sharing-services\\\/#primaryimage\",\"url\":\"http:\\\/\\\/allafrica.com\\\/img\\\/static\\\/publishers\\\/minibanners\\\/aim180.jpg\",\"contentUrl\":\"http:\\\/\\\/allafrica.com\\\/img\\\/static\\\/publishers\\\/minibanners\\\/aim180.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2011\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banks Create Mechanism for Sharing Services - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/","twitter_card":"summary_large_image","twitter_title":"Banks Create Mechanism for Sharing Services - Ghanamma.com","twitter_description":"7 June 2011 Maputo \u2014 Commercial banks in Mozambique on Monday created the Sociedade Interbancaria de Mocambique (SIMO) which will facilitate the operation of joint services such as ATMs (Automatic Teller Machines). This is intended to end the practice of customers being charged if they withdraw cash from an ATM of a bank other than the one where their account is held. The mechanism is intended to contribute to the better geographical distribution of banking services.","twitter_image":"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/"},"author":{"name":"","@id":""},"headline":"Banks Create Mechanism for Sharing Services","datePublished":"2011-06-09T08:37:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/"},"wordCount":265,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/#primaryimage"},"thumbnailUrl":"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/","url":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/","name":"Banks Create Mechanism for Sharing Services - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/#primaryimage"},"thumbnailUrl":"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg","datePublished":"2011-06-09T08:37:49+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/banks-create-mechanism-for-sharing-services\/#primaryimage","url":"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg","contentUrl":"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg"},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/438685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=438685"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/438685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=438685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=438685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=438685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}