[ 2016-02-26 ]

GhIPSS takes cashless agenda to Kumasi
Accra, Feb. 26, GNA - Officials of Ghana Interbank
Payment and Settlement Systems (GhIPSS) will be in
the Ashanti Regional capital Kumasi next week, on
a public campaign to educate on the use of their
bank cards for purchasing purposes.

This is in fulfilment of its mandate to migrate
Ghana into an electronic payment community. The
GhIPSS officials will first interact with
merchants in Kumasi and there after embark on
public education on some selected principal
streets.

GhIPSS has been deploying Point of Sales (POS)
devices in shops, supermarkets, hotels, pharmacies
and other shopping outlets throughout the regional
capitals including Kumasi.

The activity in Kumasi is therefore expected to
drive the public to use their cards whenever they
patronise shops with POSes.

Gradually the public is beginning to embrace some
electronic payment options such as Direct Credit
of the Automated Clearing House, internet banking,
mobile banking, e-zwich and payment with domestic
as well as international cards.

The increased use of these options suggest that
cash transactions are reducing. However an
overwhelming transactions continue to take place
by means of cash, compelling GhIPSS and its
partners to intensify efforts to encourage
patronage of electronic payment systems.

Mr Archie Hesse, the Chief Executive of GhIPSS was
confident that with persistent campaign and public
education on the benefits of electronic payments,
Ghana will eventually move away from the heavy
dependence on cash.

He said Kumasi was very important in the scheme of
affairs, because of the volume of commercial
activity.

He urged banks to work closely with their
customers who own shops to ensure they acquired
and use POSes, while they also helped to encourage
individual customers to pay with their debit
cards.

Banks would be part of the GhIPSS programme in
Kumasi to enroll and issue cards at the event.

Source - GNA

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