GhIPSS to Provide Mobile Payment Services for All Banks in Ghana

Written by Makula Dunbar

Dec 24, 2013

It will be possible for all bank customers to make payments from their mobile phone from next year, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), Mr Archie Hesse has said.

This follows the development of a gh-link mobile payment system by GhIPSS in collaboration with e-transact. The gh-link platform introduced by GhIPSS interconnects all the banks and therefore any service available on the electronic platform will be available to the banks.

Currently a few banks have introduced the mobile phone payment system, but with the gh-link platform, all other banks will be able to provide the service. The mobile phone payment systems, will link customers phones to their bank accounts and enable them to make payments from their mobile phones.

The payment system is intended to create more convenience for bank customers and encourage more people to keep bank accounts. Mr Hesse explained that the system has already been developed and would be tested early next year before it will go live.

He said the introduction of the gh-link mobile was part of GhIPSS mandate to transform Ghana into an electronic payment society that will make payments and banking in general pleasurable and convenient for the customer while reducing the cost of operation for banks. Currently local ATM cards can be used in virtually any ATM, following the introduction of the gh-link ATM.