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
-
NPP National Treasurer aspirant involved in accident during campaign
3 minutes -
Treat coastal communities as partners in sea turtle conservation – Dr Agyekumhene
7 minutes -
The Chief Justice is not a Touring Minister: Baffoe-Bonnie’s SOE visits are unconstitutional officiousness
30 minutes -
Enforcing environmental laws carries political cost, while offenders go unpunished – Frimpong-Boateng
38 minutes -
Galamsey fight collapsed after safeguards introduced in 2018 were abandoned – Prof Frimpong-Boateng
42 minutes -
Jail officials who approve projects in wetlands and forest reserves – Prof Frimpong-Boateng
54 minutes -
Ghana needs $21bn to restore lands damaged by illegal mining – Frimpong-Boateng
1 hour -
Law student killed in hit-and-run on Tema Motorway; family offers GH¢50,000 bounty
1 hour -
Gas explosion near Larteh school contained after fire outbreak
1 hour -
Nigerian-British businessman dies after penis enlargement procedure in Thailand
2 hours -
CHEAP JUSTICE? – Occasional Kwatriot Kwesi Yankah writes
2 hours -
WASSCE 2026: English performance decline requires urgent action – EduWatch
2 hours -
Old Tafo MCE pledges action as residents raise alarm over faulty drainage systems
2 hours -
Abossey Okai dealers reject spare parts cost as justification for 30% transport fare hike
3 hours -
NPP to hold balloting for national elections on September 9
3 hours