The Ghana Interbank Payment and Settlement Systems (GhIPSS) is encouraging the use of electronic payments services in the country after Guaranty Trust Bank (GT Bank) introduced Remote Cheque Capturing service.

Using this service, corporate customers can process their cheques by just scanning them from the comfort of their offices, bypassing the need to visit the banking halls.

GhIPSS CEO Archie Hesse stated that the service was exciting and would encourage many companies to prefer cheques as a mode of payment to cash.

The development forms part of strategy to transform Ghana into an electronic payments community, by reducing on cash transactions, added Hesse.

GhIPSS has also urged financial institutions to persuade its clients to use electronic services such as Direct Credit to pay salaries.

Hesse further added that even retail or individual customers of the banks should be encouraged to use their ATM cards to shop on Point of Sales (POS) terminals, besides promoting electronic payment products for corporate clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The introduction of the hybrid POSes that accepts both local ATM and e-zwich cards can drive the use of cards for shopping instead of cash, GhIPSS stated.