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Ghanaians Can Now Buy Waakye, Pay For Tr…

20-11-2020

Ghana has become the first country in Africa and 3rd country in the world to roll out a national Quick Response (QR) Code payment system, following the formal outdooring of...

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GhIPSS and its CEO pick GITTA award agai…

20-11-2020

The Ghana Interbank Payment and Settlement Systems (GhIPSS) and its Chief Executive Archie Hesse have for the second year running won awards at the prestigious Ghana Information Technology & Telecom...

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Some banks have started Gh QR Code deplo…

08-09-2020

The public can now pay for goods and services through the universal Gh QR code, as some six banks have started deployment. The banks are Ecobank, GCB Bank, Zenith Bank...

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GhIPSS introduces Near Real Time Payment…

08-09-2020

  The Ghana Interbank Payments and Settlement Systems (GhIPSS), a subsidiary of the Bank of Ghana, has introduced a Near Real Time (NRT) Automated Clearing House (ACH) Direct Credit platform that...

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GhIPSS Instant Pay Volume Up By 600 Perc…

21-07-2020

The transaction volume for the GhIPSS Instant Pay (GIP), Ghana’s real-time interbank transfer service,  has gone up by almost 600 per cent in the first half of 2020 compared to...

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GhIPSS commends GOIL for embracing gh-li…

07-07-2020

  The CEO of the Ghana Interbank Payment Settlements and Systems (GhIPSS), Archie Hesse, has commended GOIL for taking a giant leap by enabling its Point of sale terminals to accept...

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Express Direct Credit records 51% growth…

12-06-2020

  Express ACH Direct Credit recorded a 51 percent growth in its volume of transactions in the first quarter of this year compared to the same period in 2019, according to...

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Electronic payment is one of the new nor…

10-06-2020

The public will have to accept electronic payment channels as their default form of payment, to stay safe as scientists predict that the Coronavirus will linger on for a while...

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Use contactless payment options, GhIPSS …

23-04-2020

The public is being advised to use payment options that reduces their contact with persons in order to reduce exposure to the corona virus. The need to use contactless forms...

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Public patronage for GIP in first quarte…

20-04-2020

The use of GhIPSS instant pay (GIP) services continues to see huge jumps in volume as more people turn to the service. The volume of instant pay transactions between January...

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More real time payment products this yea…

05-04-2020

There is continuous growth in the volume of instant pay, emphasising customers’ preference for real time payment. Until recently, payments in Ghana except cash, took at least three days for...

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Some 9 banks are ready for QR Code

25-03-2020

Some nine (9) banks are ready to provide QR code services to shop owners and other merchants, following the launch of the electronic payment service on Wednesday. This means that...

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Get your banks to set you up for QR Code…

10-03-2020

Super markets, pharmacies, restaurants and shop owners in general are being asked to start talking to their banks and Fintechs to help them set up to use the QR Codes. Universal...

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GhIPSS concluding preparations for the l…

05-03-2020

Feverish preparations are underway for the launch of the universal QR code next month. This is according to the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS) Archie...

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Instant Money Transfers Transactions hit…

30-10-2019

Instant money transfers have been done almost a million times by the public, from the beginning of the year to September, indicating continuous increase in patronage of the service. The third...

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GhIPSS partners with Verve International

16-10-2019

Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has partnered with Verve International, a leading payments technology and card brand in Africa, to launch the acceptance of Verve Cards in...

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Mobile Money Interoperability Reaches 1 …

17-09-2019

In September this year, mobile money interoperability reached one million transactions. This is the highest number of transactions recorded in a single month since the service was introduced in 2018...

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Value of Mobile Money Interoperability T…

18-07-2019

The value of transactions done on the mobile money interoperability platform for the half year of 2019, witnessed some significant increase. It reached GH¢217 million according to  data from the...

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Patronage for Instant Pay Continues to R…

17-07-2019

The use of Instant Pay for funds transfers or payments, continue to record impressive growth, latest figures from the Ghana Interbank Payment and Settlement Systems (GhIPSS) have shown. According to the...

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Veep Launches Gh Dual Card

11-07-2019

Vice President Dr Mahamudu Bawumia, has launched what has been described as the world’s first dual-purpose EMV and financial inclusion payment card in Accra. Known as the Gh Dual Card, the...

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GhIPSS to Outdoor Card with two Function…

08-07-2019

Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) is set to launch a bank card which has the functionalities of an e-zwich and gh-link card on Wednesday. The launch is part...

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CEO of GhIPSS is Payment Industry Person…

02-07-2019

The Chief Executive Officer of GhIPSS, Mr. Archie Hesse has been awarded the Payment Industry Personality of the Year at the 2019 Edition of the Ghana Information Technology & Telecoms...

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GH¢95m transferred across different netw…

25-06-2019

Just a year after its launch, Mobile Money Interoperability—a system that makes mobile money transactions among different networks possible—has hit GH¢95.88million in value for the first quarter of 2019, the...

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Mobile Money Interoperability Records mo…

17-06-2019

Mobile Money Interoperability (MMI) recorded more than 4.4 million transactions in its first year of operation. Beginning with just 96,907 transactions in its first month, public usage of the cross-network...

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GhIPSS boss wins Technology Man of the Y…

13-06-2019

Mr. Archie Hesse, the Chief Executive Officer (CEO) of the Ghana Interbank Payment and Settlement Systems (GhIPSS), was adjudged the Man of the Year- Technology, at the 4th EMY awards...

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GhIPSS set to simplify bank payments usi…

04-06-2019

Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) is expected to launch the proxy pay which is intended to ensure that bank accounts are connected to phone numbers in a...

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GhIPSS to Migrate e-payment Transactions…

29-05-2019

The Ghana Interbank Payment and Settlement Systems GhIPSS has disclosed to Citi Business News that all electronic payment transactions will be migrated onto new servers it has secured, next month. The...

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GhIPSS to Step up Education on Electroni…

27-05-2019

The Ghana Interbank Payment and Settlement System (GhIPSS) is to step up public education on quicker electronic payment channels to deepen awareness, especially among the unbanked. Mr. Archie Hesse, the Chief...

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gh-link how different are they?

17-05-2019

gh-link is a pretty familiar name within the payment circles in Ghana. However there is quite some confusion about exactly what gh-link cards are, what they do and how they...

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GhIPSS Suggests use of Direct Debit to C…

06-05-2019

Organisations or service providers who collect funds from customers regularly have been urged to explore Direct Debit to ensure that they have a more efficient way of collecting payments due...

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GhIPSS to intensify education on electro…

01-04-2019

Accra, April 27, GNA -The Ghana Interbank Payment and Settlement System (GhIPSS) is to step up public education on quicker electronic payment channels to deepen awareness, especially among the unbanked.Mr...

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ACH Direct Credit volume goes up - Repor…

01-04-2019

There is a gradual shift in preference for Direct Credit while patronage for cheques is on the decline, a report from the Ghana Interbank Payment and Settlement System (GhIPSS) has...

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Banks Make Progress in Conversion of Car…

19-03-2019

Banks that issue domestic cards have made some progress in converting them from magnetic stripes to Europay, MasterCard, Visa (EMV), the global standard for chip-based Debit and Credit Card transactions. The...

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e-zwich Transfers to Mobile Money on the…

01-02-2019

Transfer of funds from e-zwich card to mobile money (MoMo) wallet is on a steady rise as the public is making good use of the second phase of mobile money...

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GhIPSS to roll out e-commerce payment so…

01-01-2019

The Ghana Interbank Payment and Settlement System Ltd (GhIPSS) will this year roll out a key project that would enable businesses, both small and big, including public institutions to receive...

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Mobile Money Interoperability ends 2018 …

01-01-2019

Cross-network mobile money transfers were done about 2.2 million times between May and December 2018, according to figures released by the Ghana Interbank Payment and Settlement Systems (GhIPSS). This shows a...

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Real time interbank transfer volumes up …

01-01-2019

Accra, Jan 31, GNA -The volume of Instant Pay transactions went up to 143,879 transactions in 2018, representing an increase of 244 percent over 41,795 transactions recorded in 2017, a...

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Fintechs challenged to make online fee p…

02-10-2018

Many schools in Ghana require parents and students to pay their fees at various bank branches before, in some cases, continuing the process online. This is generally considered an improvement...

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Mobile Money Interoperability Hits 800,0…

17-09-2018

Cross network mobile money transactions continue to rise on a monthly basis after mobile money interoperability was introduced in May, this year, reaching almost 800,000 at the end of August. In...

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GhIPSS engages companies’ finance direct…

29-08-2018

Officials of the Ghana Interbank Payment and Settlement Systems (GhIPSS) have held a day’s engagement with finance directors of major companies to explain the workings and benefits of GhIPSS Instant...

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GhIPSS ACH Direct Credit records GH¢11 b…

23-08-2018

The value of bank transfers through the Automated Clearing House (ACH) Direct Credit has hit GH¢11.02 billion in the first half of 2018, data from the Ghana Interbank Payment and...

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Banks urged to provide multiple channels…

30-12-2017

Mr. Archie Hesse, Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS). Banks are being encouraged to give their customers multiple channels from which they can access the GhIPSS...

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GhIPSS encourages companies to use ACH i…

28-12-2017

Companies and organisations are being encouraged to use less of cheques and more of the Automated Clearing House (ACH) for payments in the coming year.A statement signed by Mr Archie...

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e-zwich Transaction Increases By 102%

20-08-2018

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...

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Preference is Shifting Away From Cheques…

09-08-2018

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...

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GIP Record Massive Growth in Transaction…

24-07-2018

The GhIPSS Instant Pay (GIP) has recorded a massive increase in patronage in the first half of this year compared to the same period last year. The GIP is an...

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Mobile money Interoperability records GH…

18-06-2018

Fund transfers from one mobile network to another have witnessed consistent growth in the value and volume of transactions since mobile money interoperability was launched on May 10, this year. In...

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Mobile Money made easy

15-05-2018

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. They can...

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Paying with e-zwich saves companies mone…

16-04-2018

Organisations and companies, which used the e-zwich to pay various remunerations, have made a lot of savings from the biometric card, the Ghana Interbank Payment and Settlement System (GhIPSS) has...

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More Merchants Needed to Deploy POSes--G…

05-04-2018

The Chief Executive Officer of the Ghana Interbank and Payment System (GhIPSS) Mr Archie Hesse said concerted effort was required to increase the number of point of sales (POS) and...

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Gov’t reschedules mobile money interoper…

27-03-2018

Government has disclosed that it will roll out the mobile money interoperability system in May this year – 2018.This latest date comes after missing about three initial timelines for the...

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GhIPSS backs Selewa cashless market init…

28-02-2018

The Ghana Interbank Payment and Settlement System (GhIPSS) has commended organisers of Ghana’s premier pop-up market, christened Selewa Market, for creating a platform for shoppers to use electronic forms of...

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E-bills pay can help reduce corruption a…

22-02-2018

The use of e-bills pay at public institutions can reduce the human interface and help bring down corruption, officials of the Ghana Interbank Payment and Settlement Systems (GhIPSS) have said. Mr...

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GhIPSS Fast Tracks Payment With e-bills …

01-02-2018

The Ghana Interbank Payment and Settlement Systems (GhIPSS) is seeking to reduce the turnaround time for payment of goods and services with the introduction of an E-bills payment service. The service...

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Electronic Payments on the rise as GhIPS…

31-01-2018

The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has witnessed consistent growth in the value and volume of its various transactions since its inception and last year was no...

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GhIPSS Commends Partners for Successes i…

31-01-2018

Banks and third-party companies have been commended for their role in driving patronage for electronic payments in the past year. The role by these institutions and their customers have led to...

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e-zwich Cardholders Reach 2.3m in 2017, …

31-01-2018

The number of persons using the biometric smart card e-zwich witnessed a significant growth over the past one year, according to data released by the Ghana Interbank Payment and Settlements...

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Banks Urged to Provide Multiple Channels…

30-11-2017

Mr. Archie Hesse, Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS) Banks are being encouraged to give their customers multiple channels from which they can access the GhIPSS...

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GhIPSS Encourages Companies to use ACH i…

28-12-2017

Companies and organisations are being encouraged to use less of cheques and more of the Automated Clearing House (ACH) for payments in the coming year. A statement signed by Mr...

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Banking today is like money in your pock…

01-11-2017

The various electronic payment options available to bank customers make money at the bank almost the same as money in the pocket, the Chief Executive Officer of Ghana Interbank Payment...

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NSS lauds GhIPSS for Savings made via e-…

31-10-2017

The National Service Scheme (NSS) has continued to benefit from the savings made with the use of e-zwich to pay allowances of personnel. The Acting Executive Director of the National Service...

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GhIPSS Urges Students to Use e-zwich Car…

23-10-2017

The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), Archie Hesse has urged trainee teachers, nurses and students in general, to cultivate the habit of using their...

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Use GIP for Quick and Urgent payments - …

04-10-2017

The public has been urged to turn to Ghana Interbank Payment and Settlement Systems (GhIPSS) Instant Pay (GIP) when they have to make quick or emergency payments. This is because...

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Government Pays Nursing, Teacher Trainee…

04-10-2017

Government has resumed the payment of nursing and teacher trainee allowances using the e-zwich biometric system. The move will ensure transparency, a proper audit trail and prevent duplications on the...

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ACH Direct Credit Suitable for Bulk Paym…

30-08-2017

Institutions are being urged to use Direct Credit payment for bulk disbursement of funds such as salaries, since it makes funds meant for different sets of people to be disbursed...

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About GH¢35m of remittances received on …

18-08-2017

The total value of foreign remittances received directly on e-zwich cards amounted GH¢34.9 million between January and June this year, from 16,937 transactions. This is according to the Ghana Interbank...

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GhIPSS half year transactions value hits…

26-07-2017

The  value of the various transactions managed by the Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS) stood at GHC97 billion between January and June this year from GHC47.3 billion...

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Zenith, GCB Pick Cashless and e-zwich Aw…

26-07-2017

The Ghana Banking Awards has adjudged Zenith Bank and GCB Bank as the Cashless Promotion Bank of the year and the e-zwich Bank of the year respectively. The two banks...

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Enrolment of e-zwich agents begins in Br…

10-07-2017

Enrolment of enterprises and individuals to offer e-zwich services is underway in major towns in the Brong Ahafo region.  The move is to make e-zwich services available to as many...

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More Banks now offer Instant Pay Service…

22-06-2017

About 23 banks, four third party companies as well as a savings and loans company are now offering the GhIPSS Instant Pay (GIP) service to the public. The GIP is...

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Ghanaians must embrace electronic paymen…

23-06-2017

Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS), has urged Ghanaians to adopt electronic payment as a life style to enable the country...

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Dept of Social Welfare begins payment of…

16-06-2017

The Department of Social Welfare in the Upper West Region has began the 48th cycle of payment of the Livelihood Empowerment against Poverty (LEAP) Programme to beneficiaries. Payment of beneficiaries would...

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GhIPSS supports Accra Psychiatric Hospit…

02-06-2017

The Ghana Interbank Payment and Settlement Systems (GhIPSS), a wholly owned subsidiary of the Bank of Ghana, has presented a cheque for GH¢20,000.00 to the Accra Psychiatric Hospital (APH).

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GhIPSS Optimistic Mobile Interoperabilit…

02-06-2017

The Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GhIPSS) Mr. Archie Hesse has indicated that Mobile Money Operators will intensify efforts to encourage the usage of...

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Nationwide use of e-zwich will improve f…

01-06-2017

The Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems Limited, Archie Hesse has called on all banks across the country to the seriously the    e-zwich platform. This...

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Vice President delivers Keynote address …

01-06-2017

The Vice President Dr Mahamudu Bawumia has urged the country’s financial institutions to work closely with the Ghana Interbank Payment and Settlement System (GhIPSS) to vigorously promote the electronic channels...

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GhIPSS organises Public Lecture as part …

30-05-2017

Ghana Interbank Payment and Settlement Systems (GhIPSS) has commenced the celebration of its 10th year anniversary with public lectures in Accra. The lecture was on the Evolution of Payment Systems...

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Leap beneficiaries enrolled on e-zwich p…

26-03-2017

The enrollment, which began last week in some nine districts in five regions, follows a contract signed between the Ministry of Gender, Children and Social Protection, which supervises the LEAP...

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Banks urged to adopt Direct Debit paymen…

26-03-2017

Dr. Henry Kofi Wampah, Governor of the Bank of Ghana, has urged banks to adopt the Direct Debit payment system for the payment and collection of cash.

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GhIPSS to drive e-bills payment this yea…

26-03-2017

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has outlined e-bills payment as one key areas it will be considering for this year. This means GhIPSS will undertake a number of...

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Government urged to use e-zwich platform…

26-03-2017

Government could save much money if it takes the bold step to pay workers on its payroll via the e-zwich platform, Mr. Archie Hesse, CEO of the Ghana Interbank Payment...

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Government urged to use e-zwich platform…

26-03-2017

Government could save much money if it takes the bold step to pay workers on its payroll via the e-zwich platform, Mr. Archie Hesse, CEO of the Ghana Interbank Payment...

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e-zwich helps flush out 35,000 ghost nam…

26-03-2017

The implementation of the e-zwich payment system last year by the Ghana National Service Scheme has saved the country GH¢146million as the system was able to flush out over 35,000...

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e-zwich patronage grew by 140% in 2016

06-07-2016

The use of the biometric smart card, e-zwich, experienced exponential growth last year after series of mechanisms were put in place to drive usage.

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Banks need standards to deepen fight aga…

06-07-2016

The Chief Executive Officer of Ghana Interbank Payment and Settlement System (GhIPSS), Mr Archie Hesse, has stressed the need for all banks and international institutions as well as merchants to...

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LEAP Secretariat to make 43rd Cycle pa…

06-07-2016

The Livelihood Empowerment Against Poverty (LEAP) Programme, will commence its 43rd payment cycle from 1st to 5th August, 2016.

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