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March 17, 2017

Ecobank rolls out Ecobank Masterpass QR in Ghana

Ecobank Ghana has rolled out Ecobank Masterpass QR, a merchant solution that accepts payments for goods and services from the mobile phone, in Ghana.

By Verdict Staff

Ecobank Ghana has rolled out Ecobank Masterpass QR, a merchant solution that accepts payments for goods and services from the mobile phone, in Ghana.

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The new Ecobank Masterpass QR gives micro, small and medium enterprises (SEMs) the opportunity to accept payments from any mobile devices without a physical point of sale (POS) terminal.

By scanning a Quick Response (QR) code displayed at checkout on their smartphones, or by entering a merchant identifier into their feature phones, the users of Ecobank's mobile banking platform can pay for online and in-store purchases.

Ecobank Ghana managing director Dan Sackey said: “It is clear that any entity involved in commerce, be it the distribution of goods and services, the supermarket, restaurant, your local chop bars, fruit seller by the roadside, waakye seller, barbering shop etc, will benefit from the instant payment solution.”

The Ecobank MasterPass QR was designed in collaboration with MasterCard to support Ecobank’s retail payment strategy.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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