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    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

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    Petrol to sell for GHS15 in February – IES

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    Nigeria’s national debt hits an all time as the country struggles with repayment

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    EIU analysts forecast grim economic outlook for Africa in 2023

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GhIPSS expands e-zwich services

bycitibusinessnews
December 30, 2016
in Banking And Finance, Government, Top Stories
Archie Hesse - CEO of GhIPSS

Archie Hesse - CEO of GhIPSS

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The Ghana Interbank Payment and Settlement Systems (GhIPSS) has increased access to e-zwich services by increasing the number of e-zwich agents by about 100 to over 325 agents.

This is to allow  GhIPSS continue to improve electronic payment system through a biometric payment service.

According to GhIPSS, it has trained more agents expected to offer a variety of e-zwich services including deposits, cashback (withdrawals) and transfers of funds from one card to another.

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The agents who  are located in the Greater Accra, Western and Central Regions will operate in other regional capitals.

The Chief Executive of GhIPSS Archie Hesse explained that the agents would complement the services of the banks.

GhIPSS decided in recent times to allow small enterprises in various localities to also offer the e-zwich services after demand increased.

Before then, financial institutions such as  banks and a Savings and Loans as well as Rural and Community banks  provided the biometric payment.

Mr. Hesse stated that a number of banks in the country are already  reconfiguring their ATMs to be e-zwich compliant.

“When you visit some ATMs, you will see fingerprint readers, these ATMs are either already accepting e-zwich card or will soon accept the cards,” he explained.

He indicated that every effort was being made to make the service widely available as part of the general plan to promote the cash-lite agenda.

–

By: Lawrence Segbefia/citibusinessnews.com/Ghana

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