Ghana Commercial Bank (GCB) has introduced a new card payment solution, dubbed Lite Pay, in Accra to reduce the high dependence on cash within the system.
Go deeper with GlobalData
The new offering integrates an EMV certified card reader and a payment app on a smartphone to accept and process payment transactions.
It will also enable merchants with the control over their receipts.
The newly launched product accepts GCB Readycash, Gh-Link, MasterCard and Visa.
GCB managing director Samuel Sarpong said: "The product is a response to challenges with cash payments to lead the change in moving towards a cash-lite economy."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"This novel product ensures instant access to transaction data for reconciliation, and boosts customers’ confidence through real time receipt notification by email or SMS."
