In a digital age, where speed and immediacy in payments are important to almost everyone, businesses just like individuals have need for speed in the transfer and receipt of funds. This need coupled with the desire to provide institutions with an “almost immediate” funds transfer experience, necessitated the introduction of an additional service on Ghana’s Automated Clearing House (ACH) Direct Credit (DC) platform.
Introduced in September 2020, the ACH Direct Credit-Near Real Time (NRT) service offers individuals and businesses the opportunity to make single or bulk funds transfers almost in real time. This means that funds can be transferred electronically to several people and businesses, with accounts in different banks within fifteen (15) minutes.