Tag: Archie Hesse
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Moves to connect GhIPSS to Pan-African Payment System ongoing – Archie Hesse
The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), Mr. Archie Hesse, says they are working around the clock to ensure intra-African payments from and to Ghana are smooth once the Pan-African Payment and Settlement System (PAPSS) becomes fully operational. The operational roll-out of the revolutionary continent-wide payment facilitation platform in local…
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Banks, fintechs must educate customers on need to use e-cash – GhIPSS
The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, Mr. Archie Hesse, has called for increased education and active usage of available cashless payment solutions to help reduce the number of robbery attacks on persons carrying huge sums of cash. There has been an uptick…
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Stop withdrawing huge cash, use digital payments to reduce robbery attacks – GhIPSS
Mr. Archie Hesse, the Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, is urging businesses and individuals to desist from withdrawing huge sums of money from the bank and rather liaise with their financial institutions or mobile money operators to raise their thresholds to allow…
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#CitiBusinessFestival: Digital Analyst cautions businesses against impact of e-commerce fraud
The Digital Lead at PopOut, Maximus Ametorgor, has advised businesses in the e-commerce space to be wary of instances of fraud which has the potential to reduce patronage of their services. He explains that experiences by some customers with fraudulent persons pose threats to the uptake of e-commerce as a means to boosting one’s business…
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Corporate Ghana still relies on cheque payments; individual cheques drops significantly
The Ghana Interbank Payment and Settlement Systems, GhIPSS, says even though the use of cheques among individuals has decreased, the number cash cheques cleared by companies keep increasing. According to GhIPSS, the value of cash cleared through cheques went up significantly in 2019 reaching over 207 billion cedis. Speaking to Citi Business News, the CEO…
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GhiPSS ready to support gov’t e-payment agenda
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has said it is ready to provide a wide range of payment services for the public sector payment system for all government projects. The Vice President, Dr. Mahamudu Bawumia has earlier indicated that government projects will all paid through electronic means by the middle of next year…
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GhIPSS to migrate e-payment transactions to new server
The Ghana Interbank Payment and Settlement Systems GhIPSS has disclosed to Citi Business News that all electronic payment transactions will be migrated onto new servers it has secured, next month. The upgraded servers would be used for the next five years. According to GhIPSS, this should help address challenges associated with electronic transactions including mobile…
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Mobile money interoperability goes live on May 10
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…
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GhIPSS fast tracks payment with e-bills platform
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…
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GhIPSS shifts mobile money interoperability to February 2018
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…