Audio By Carbonatix
Government will this year launch a new payment method using universal QR codes, the Vice President has announced.
Dr Mahamudu Bawumia announced this next level of government’s digitisation agenda on Saturday at the closing ceremony of the 2019 Diaspora Celebration and Homecoming summit in Accra.
The Ghana Diaspora Celebration & Homecoming Summit 2019 is to recognise and celebrate the immense contributions to nation building and focus on present contributions as well as furthering the advocacy for political, economic, and all other systems and policies that would facilitate future contributions by the Ghanaian Diaspora.
"This year, there's going to be also a remarkable introduction into Ghana of a universal QR Code for payments.
This will help us move further into the cashless direction because there will be no longer any need for merchants to have a point of sales devices, with the QR Code platform. All they need is a mobile phone and even a "yam phone" will work " he said.
"With your mobile phones, you can make payments and it goes straight to the bank account of the merchants and. If all goes well, Ghana's universal QR CODE platform will be introduced by the fourth quarter this year," Dr Bawumia emphasised.
The universal QR code is the world’s first inter-operable payment acceptance solution.
It provides customers with an easy option for digital payment on business transactions which reduces the technological challenges associated with operating cashlite society.
The universal QR Code will allow merchants to receive digital payments without the use of Point of Sale devices. Countries that have recently introduced universal QR CODE platforms include Singapore which introduced it in 2018, India and China
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
BoG Governor targets single-digit interest rates to boost businesses
13 minutes -
BAWA-ROCK Ltd honoured for sustainable gold trading at Africa Development Conference
22 minutes -
Fire guts Unique Floral shop at Tse Addo
52 minutes -
GPL 2025/26: Kotey strike hands Gold Stars crucial away win at Hohoe
55 minutes -
Dormaahene urges Mahama to pursue accountability over National Cathedral project
1 hour -
GPL 2025/26: Mamah strike powers Samartex past Heart of Lions
1 hour -
Mahama directs release of GH¢1bn to contractors owed since 2017
1 hour -
GPL 2025/26: Aduana hold Hearts in Dormaa
1 hour -
Sekyi-Brown Reginald: Transforming infrastructure into preventive healthcare
1 hour -
Two arrested for unlawful possession of firearm, ammunition
2 hours -
GPL 2025/26: Karela United edge Vision FC in Tamale
2 hours -
Return home to support 24-hour economy agenda – Ambassador Smith urges students abroad
3 hours -
Minute’s silence held to remember Bondi Beach attack victims
3 hours -
Lands Minister commissions 3rd batch of 636 Blue Water Guards; pledges sustained fight against galamsey
3 hours -
Manso Nyankomase miners allege military extortion and harassment during reclamation exercise
3 hours
