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    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

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    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    US Fed meets inflation surge with 75bp hike

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SmSGh launches mPOS payment system

bycitibusinessnews
March 24, 2016
in TECHNOLOGY, Top Stories
Senior Product Manager at  SmS Gh, Mr. Bubune Adih

Senior Product Manager at SmS Gh, Mr. Bubune Adih

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Mobile app developer, SmS Gh has outdoored its latest app, mPOS, aimed at integrating financial payments in Ghana.

Designed to meet local demand, the new app allows businesses to accept payments from mobile money holders on any network, as well as MPower wallets or bank cards.

Speaking to Citi Business News at the launch, the Senior Product Manager of SmS Gh, Mr. Bubune Adih stated that the product will enhance Ghana’s payment system while it increases productivity.

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some participants at the launch
some participants at the launch

“This system of payment is new and very efficient. Merchants would no more need different POS devices for different customers. It will save them time and integrate their transactions for proper record keeping”, he said.

He explained that the app, which could be downloaded freely from Google Playstore can be operated from every part of the country.

“All you need is to register on our platform with ease and within 30 minutes, you are ready to transact business on our MPower platform”, he said

On his part, the CEO of  SmSGH, Mr. Alex Adjei-Bram, stated that the product will increase internet penetration in the country as the informal sector joins the platform.

CEO of SmSGH, Mr. Alex Adjei-Bram
CEO of SmSGH, Mr. Alex Adjei-Bram

“Anytime one percent of a population connects to the internet for business transaction, there is a corresponding 10 percent increase in GDP and productivity”, he said.

According to him, merchants who use the product will also have the benefit of having a portable receipt printing device free of charge.

Mr. Adjei-Bram encouraged all Ghanaians to visit the website of mpower to register for the product.

By: Lawrence Segbefia /citibusinessnews/Ghana

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