Ghana will soon host an online internet gateway, allowing consumers to use their ATM cards to make payments online.
Archie Hesse, CEO of Ghana Interbank Payment and Settlement Systems (GhIPSS) made the announcement while discussing the future of the Ghanaian financial system.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHesse also said that talks are underway with government agencies to begin accepting online payments for services offered to the public.
GhIPPS has developed gh-link, a national electronic payment platform, while other banks and third party processors are developing payments infrastructure, and there are projects to market Ghanaian music and handicrafts online, said the CEO.
As a result Hesse said there is going to be a significant number of people who will want to buy from their computers and mobile phones.
He advised Ghanaian businesses to continue to monitor the payment trend and alter their business model accordingly, so that they would not be left behind.
Related articles
Airtel bolsters e-commerce in Ghana and Rwanda
Western Union offers mobile money transfer services to Nigeria via eTranzact
Rwanda and Cote d’Ivore, new m-remittances service