Ecobank Ghana has rolled out Ecobank Masterpass QR, a merchant solution that accepts payments for goods and services from the mobile phone, in Ghana.

The new Ecobank Masterpass QR gives micro, small and medium enterprises (SEMs) the opportunity to accept payments from any mobile devices without a physical point of sale (POS) terminal.

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By scanning a Quick Response (QR) code displayed at checkout on their smartphones, or by entering a merchant identifier into their feature phones, the users of Ecobank's mobile banking platform can pay for online and in-store purchases.

Ecobank Ghana managing director Dan Sackey said: “It is clear that any entity involved in commerce, be it the distribution of goods and services, the supermarket, restaurant, your local chop bars, fruit seller by the roadside, waakye seller, barbering shop etc, will benefit from the instant payment solution.”

The Ecobank MasterPass QR was designed in collaboration with MasterCard to support Ecobank’s retail payment strategy.