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Ghanaians must embrace electronic payment life style

June 19, 2017 2:00 PM
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Ghanaians must embrace electronic payment life style

Accra, June 19, GNA - Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS), has urged Ghanaians to adopt electronic payment as a life style to enable the country to derive maximum benefits from the existing infrastructure. He said both service providers and consumers must lean toward electronic payment in offering services and consuming them.

Accra, June 19, GNA - Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS), has urged Ghanaians to adopt electronic payment as a life style to enable the country to derive maximum benefits from the existing infrastructure.

He said both service providers and consumers must lean toward electronic payment in offering services and consuming them.

GhIPSS, a wholly owned subsidiary of the Bank of Ghana, has been in existence for a decade and has together with financial institutions rolled out a number of electronic payment channels.

Speaking in an interview, Mr Hesse said the complete interoperability of the financial system should make payment seamless and convenient from varied electronic channels.

However, he said, this leap in the country’s payment system must be accompanied with a shift from cash to an electronic payment lifestyle.

He said the acceptance of cards, mobile money and other electronic forms of payment such as Instant Pay, Direct Credit and Debit should become the norm.

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Source: ghananewsagency.org

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