[ 2016-07-21 ]

Archie Hesse - CEO of GhIPSS

GhIPSS pushes for adoption of POS devices in retail
Shop owners and retailers could increase their
sales with the adoption of Point of Sales (POS)
devices for transactions.

This is the advice from the Ghana Interbank
Payment and Settlement Systems (GhIPSS).

GhIPSS, which aims at achieving a cashless
economy, also believes transactions could extend
after normal working periods as shoppers would not
be limited by the cash they carry on them and can
afford to spend more.

The Chief Executive of GhIPSS, Archie Hesse also
tells Citi Business News his outfit is
collaborating with banks to facilitate the use of
the hybrid point of sale devices to champion this
cause.

“We want to reduce the use of cash in the
country and as usual, we are partnering with the
banks to deploy the hybrid point of sale device
which accepts both the E-zwich and local cards and
the other international cards as well,” he
said.

Mr. Hesse added, “We’re bringing to the
attention of the various shops that they can
actually deploy the hybrid point of sale devices
and in so doing, their customers can have the
option of paying for their goods and services in
using cards as opposed to using cash.”

Instant interbank transfer takes off

Meanwhile Mr. Hesse has indicated that the instant
interbank cash transfer system introduced last
month is currently being carried out in real
time.

He however explains that only about seven banks
can either receive, send or conduct both
transactions.

The GhIPSS boss is however optimistic that the
process will be fully implemented by the end of
this year.

“We have moved from the pilot stage to the live
stage where we currently have about seven to eight
banks that are able to send instant interbank
payment with about the same number that can
receive. The rest of the banks are going through
various certification stages and I believe that by
the end of this year, all banks must be on
board,” he stated.

The instant interbank transfer system allows a
customer to withdraw or deposit into a personal or
another account in the same bank or another bank,
in real time.

Source - citifmonline.com

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