Migrate Ghana to an Electronic Payment Society: Archie Hesse Shares GhIPSS’ Vision

Archie Hesse, CEO of GhIPSS (Ghana Interbank Payment and Settlement Systems Limited), talks about his vision, which is to migrate Ghana to an electronic payment society.

“The vision of GhIPSS is to migrate Ghana to an electronic payment society. If you look at the products and services that we offer currently, we offer the e-zwich biometric smart card system which is currently being used by a lot of government agencies for payments in particular. It is important to note that by virtue of interoperability, the e-zwich platform is linked to the banking and mobile money platform, so when you have been paid onto the e-zwich smart card you can move your funds into your bank account or your mobile money wallet. The key important feature of the e-zwich payment system is that it is able to filter all payments. So, you would eliminate duplications within a payroll file. Although it has a banking and retail system, we are beginning to realize that it is predominately currently being used for verified payments. This is mainly because once you have your funds on the card, you are able to go to a bank and have access to your funds. It would be better if we were able to use a biometric card as well to shop, but we do not have enough of these biometric point of sale devices. So, we are working with a couple of companies to ensure that we come up with cheaper biometric point of sale devices that also support the financial institutions to offer these point of sale devices to their merchants. As a result of that, it is being used as a mode of payment”, says Archie Hesse.

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