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Tag Archives: GhIPSS

Citi Business Festival: GhIPSS urges capping cash withdrawals at banks

Archie Hesse - CEO of GhIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has made a strong case for a cap to be placed on all cash withdrawals at banks. It follows appeals to reduce the use of cash to minimize the number of attacks associated with cash transactions. The government also hopes to achieve a cashlite economy by 2020. In the second of our reports ...

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Telcos not taking over banks with interoperability

telecom mobile money

Telecom industry players have insisted they are not taking the place of banks even with the launch of the mobile money interoperability. The telecom operators however believe the new system should help reduce the number of people not captured within the banking population. The comment also comes three days to the official launch of the mobile money interoperability. The mobile ...

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Mobile money interoperability goes live on May 10

Mobile-Money transaction

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has disclosed that the mobile money interoperability will go live on Thursday, May 10, 2018. According to the CEO of GhIPSS, Archie Hesse, the rolling out of the system will follow the launch by the Vice President, Dr. Mahamudu Bawumia. The mobile money interoperability is the first phase of three systems that ...

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Govt reschedules mobile money interoperability to May

Bawumia

Government has disclosed that it will roll out the mobile money interoperability system in May this year – 2018. This latest date comes after missing about three initial timelines for the implementation of the policy. The mobile money interoperability is to allow consumers transfer money across all mobile networks without any restrictions. This is also in fulfillment of driving a ...

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Robbery attacks: GhIPSS urges cashless transactions

Archie Hesse - CEO of GhIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS), is urging the public to resort to more electronic forms of payment in order to reduce their exposure to armed robbery and related risks. The advice follows reports of two separate armed robbery attacks in two successive days and other instances, in which huge sums of cash were believed to have been ...

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GhIPSS fast tracks payment with e-bills platform

GHIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS) is seeking to reduce the turnaround time for payment of goods and services with the introduction of an E-bills payment platform. The platform is among others expected to reduce the use of cash as government works to attain a cashless economy. Checks by Citi Business News indicate that the program which is ...

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GhIPSS shifts mobile money interoperability to February 2018

Archie Hesse - CEO of GhIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS), has rescheduled the implementation of the mobile money interoperability to next month (February, 2018). This comes after missing the initial November 2017 deadline. The CEO of GhIPSS, Mr. Archie Hesse who disclosed this new date to Citi Business News said the necessary processes for all the service providers, that is, banks and ...

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National ID cards to be issued in January 2018

ID card

The National Identification Authority (NIA) should be issuing the National ID cards from January 2018, barring any last minute hitch. This is the indication from the Office of the Vice President, Dr. Mahamudu Bawumia. The move will however depend on the maturity of the Legislative Instrument (LI) on the policy currently before Parliament. Speaking on the Citi Breakfast Show on ...

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Govt misses 2017 deadline for financial inclusion

bawumia

Government has failed to meet its deadline for its key policies aimed at ensuring financial inclusion. The three; mobile money interoperability, national Identification system and Digital address system were key upon assumption of office of the NPP administration. But after chalking a year into their administration, the government has announced that it has postponed the implementation of at least two ...

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GhIPSS to pilot mobile money interoperability in September

Chief Executive Officer of GHIPSS- Archie Hesse

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has disclosed to Citi Business News it has advanced processes of meeting the November deadline for mobile money interoperability. The CEO of GhIPSS, Archie Hesse says his outfit has already finalized the systems specification awaiting the completion of other requirements by the various mobile money agents. According to Mr. Hesse, the process ...

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