For Collections:

To effectively deploy GIP for collections, a business must:

1. Have a system that can generate or assign (Manual or Automated) transaction references/IDs to uniquely tie/link transactions to customers for tracking and reconciliation purposes.
2. Inform and educate customers on the preferred mode of receiving payments and the process and inputs for doing so.
3. Publish the collection account information to customers
4. Liaise with their financial institution for corporate internet banking services for tracking and validating payments or an alert service for the same purpose.

For Payments:

To deploy GIP for payments, a business must:

1)    Liaise with their financial institution for Corporate Internet Banking Services
2)    Ask for GIP payment option

For enquiries on GhIPSS Instant Pay, Kindly contact your Financial Institution or the Digitized Payments Unit of GhIPSS on 0302-610780. You can also log on to www.ghipss.com for more information about GhIPSS and our service offerings.