Tag: GhIPSS
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GOIL partners GhIPSS to launch electronic payment system at fuel stations
Ghana Oil Company Limited, (GOIL) has partnered the Ghana Interbank Payment and Settlements System (GhIPSS), to provide an electronic payment option aimed at ensuring efficiency and security in financial transactions at fuel stations. The partnership will enable customers to purchase fuel and other products at GOIL service stations with the use of the GH-link cards…
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#CitiBusinessFestival: Archie Hesse urges collaboration with banks and fintechs to boost E-commerce payments
Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GhIPSS) Limited, Archie Hesse, has advised merchants who intend to start serious commercial business in the E-commerce space to collaborate with the banks and fintechs to facilitate payments. According to him, the payment system is a key enabler for online business transactions. Speaking on…
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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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GhIPSS, GAB extend waiver of charges on digital banking platforms to June 20
The Ghana Association of Bankers (GAB), and the Ghana Interbank Payment and Settlement Systems (GhIPSS) have agreed to extend the waiver of fees on digital banking platforms to June 20, 2020. The waiver, which took effect on March 23, 2020, was part of efforts to encourage the use of digital payment options to limit the…
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Review decision to re-introduce fees on electronic transactions – Bankers Assoc. to GhIPSS
The Ghana Association of Bankers is pushing for a meeting between the Ghana Interbank Payment and Settlement Systems, GhIPSS, and the Governor of the Bank of Ghana over the former’s decision to re-introduce fees charged on electronic transactions. GhIPSS, has in a statement to banks and other partner agencies, announced that it will from May…
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Bawumia urges businesses to take advantage of technology to improve efficiency
The Vice President, Dr. Mahamadu Bawumia, says the outbreak of COVID-19 is providing an opportunity for businesses across the world to adopt technology to improve efficiency. According to him, the pandemic will change the process of doing business, something that developing countries such as Ghana must take advantage of. He’s hopeful that electronic transactions in…
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Use of electronic payment channels sees 81% growth in 2020 1st quarter – GhIPSS
The volume of transactions done electronically through the Ghana Interbank Payment and Settlement Systems (GhIPSS) platform has increased by 81 percent in the first quarter of this year compared to the same period last year. This is according to latest figures from the Ghana Interbank Payment and Settlement Systems (GhIPSS). The latest figure shows that…
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Veep launches Universal QR Code & Proxy pay to boost digital payments
Vice President, Dr. Mahamudu Bawumia, says the launch of the Universal GH QR Code and the Proxy Pay platform should ease the difficulties associated with payment for goods and services. The two platforms are part of plans to enhance digital payments as the government pursues a cash-lite agenda. Already, the COVID-19 pandemic has partially impacted…
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GhIPSS to launch Universal QR Code and Proxy Pay platforms today
The Ghana Interbank Payment and Settlement Systems, GhIPSS, will on Wednesday, March 25, 2020, launch the Universal QR Code and Proxy Pay platforms as part of measures to enhance digitized payments as the government pursues its cashless agenda. The code will among other things help businesses including those in the informal sector accept payments for…
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Containing COVID-19: GhIPSS removes charges on all electronic payments
As part of efforts to promote and encourage the use of digital payment options to limit the possible spread of the Coronavirus through the use of cash, the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), has waived off fees on all electronic payments services used by its partner financial service providers. The fee waiver,…