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Residents of Tema and its neighbouring areas will soon experience increased accessibility to GhanaPay mobile money services, thanks to a collaborative effort between the Ghana Interbank Payment and Settlement Systems (GhIPSS) and various banks.

On August 30th to the 1st of September, 2023, a dedicated team from GhIPSS and participating banks will host an event at Tema Community 1 to enroll members of the public onto the GhanaPay Mobile Money platform.

The event, dubbed ‘GhanaPay Mobile Money Experience Fair,’ is part of the joint initiatives by GhIPSS and partner banks aimed at providing the public with convenient access to and enrollment on this innovative service. While resembling traditional mobile money services, GhanaPay Mobile Money distinguishes itself by being offered by Universal banks, rural banks, and savings and loans companies.

It extends basic mobile money functionalities while incorporating additional banking services tailored to enhance users’ financial flexibility.

GhanaPay Mobile Money is accessible through both the Google Play Store and the iOS App Store. In an effort to simplify public engagement with the service, GhIPSS and the banks have decided to organize this event in Tema, ensuring that the registration process is brought closer to the local residents.

Samuel Darko, the Head of the GhanaPay Mobile Money Unit at GhIPSS, has underscored the advantages of the GhanaPay platform in anticipation of the Tema Activation.

Notably, GhanaPay stands out by offering fee-free transactions to both mobile networks and bank accounts, with the exception of the obligatory Electronic Transaction levy (e-levy).

Mr. Darko has urged Tema residents to take full advantage of the opportunity to register for GhanaPay Mobile Money at the Meridian enclave within Tema Community 1.

He emphasized that the registration procedure is uncomplicated and swift, only requiring a Ghana card, and is offered to users at no cost.
GhIPSS, along with its banking partners, has been conducting registration drives across the country to bring the public onto the GhanaPay Mobile Money platform. The current initiative focuses specifically on Tema and its surrounding areas.

GhanaPay Mobile Money empowers users to effortlessly transfer funds across diverse mobile money networks and bank accounts. Moreover, customers can conduct cash-in and cash-out transactions at their convenience.

Concurrently, GhIPSS is extending an invitation to individuals and enterprises interested in becoming GhanaPay Mobile Money Agents.
Prospective agents have the option to either attend the event or liaise with their respective banks to initiate the registration process. Mr. Darko further highlighted that appealing packages await those interested in becoming GhanaPay Mobile Money agents.

Source: GhIPSS

direct debit forumThe public will again have an opportunity to interact with bankers and know more about GhQR at the next Experience Fair that will take place at Baatsona Total enclave on the Spintex Road in Accra.

The fair being organised by Ghana Interbank Payment and Settlement System (GhIPSS) together with its partner institutions is to create awareness about GhQR and drive its usage.

The first in the series of the GhQR Experience Fair was held at the Junction mall on July 2 this year.
The fair has since been held at several other malls in Accra and will be held in other parts of the country in partnership with some major media houses.
Officials of various banks will join the team from GhIPSS at the Baatsona Total enclave on Friday and Saturday to educate the public as well as take shoppers through the process of paying with GhQR.

Chief Executive of GhIPSS Archie Hesse said the number of shopping outlets and service providers deploying the payment service is assuring and urged the public to use GhQR and see it as a very efficient way of making payment.

He said the campaign to drive patronage for the service as well as other digital payments will be sustained and urged the public to embrace the electronic payment lifestyle.

GhQR is an electronic payment channel that enables customers to scan displayed QR codes with their smartphones and pay, or dial displayed USSD codes with their phones to make payment.

Ghana’s QR code for payment is universal which means that any customer whose bank or payment service provider offers the service can use it wherever it is displayed.

Paying with GhQR attracts no fee to the customer, easy to set up for merchants and also a quick and secure way to make payment.
The technology takes away the direct contact associated with cash transactions, which makes it safer to use during the Covid-19 pandemic.
A wide range of businesses including commercial transport operators, small shops, supermarkets, pharmacies, chop bars, restaurants as well as major service providers can all use QR codes to accept payments.

Globally, it is fast becoming one of the preferred forms of payment especially in Asia and is considered most suitable for small businesses because of the relative high cost of point of sales devices.

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