GhQR is considered a key enabler for Ghana’s quest to migrate into en electronic payment society. The country is hoping to ride on the back of the payment service to become one of the first countries on the continent to have a cashless economy.
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The Chief Executive of the Ghana Interbank Payment and Settlement Systems (GhIPSS) Archie Hesse has urged the public to consider GhQR as one of their regular modes of payments. This, he explained, would enable more people enjoy the benefits associated with the service considered simple, efficient and secured.
Vice President Dr Mahamadu Bawumia yesterday launched the Mobile Money Payment Interoperability in Accra, paving the way for customers to transfer money from one mobile network to another seamlessly.
The total value of e-zwich transactions in Ghana went up by 102 percent in the first half of this year to GH¢2.7 billion, according to a report on Payment Systems by the Bank of Ghana (BoG).
There is an increasing shift away from the use of cheques to electronic payments channels for various transactions. Although cheques continue to have the single largest share, it is growing at a slower pace while other electronic payments are experiencing a faster growth in patronage.
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) is a wholly owned subsidiary of the Bank of Ghana.