Audio By Carbonatix
The Ghana Interbank Payments and Settlement Systems (GhIPSS) this morning launched its GhQR and Proxy pay electronic platforms.
Ghana's Interoperable QR Code solution (GhQR) provides a standardised specification for interoperable payments across the country.
The solution provides a centralized switching service at GhIPSS for QR code payments by all participants; allowing customers of Financial Institutions, Fintechs, Mobile Money Operators to either receive or make payments by scanning a quick response code on their smartphones.
GhQR will enable merchants to receive payments from various consumer funding sources such as bank accounts, cards, mobile money wallets and electronic/virtual wallets.
Proxy service is an overlay service on the GhIPSS Instant Pay service. It allows a customer of a financial institution (Individual or Corporate) to register an alias/proxy identifier ( phone number) as part of their account details.
Payments made to the proxy identifier will be credited to the linked bank account in the domiciliary financial institution
Proxy Identifier can be linked to a single account number in one financial institution only.
Watch the playback of the launch below:
Latest Stories
-
The role of the State is both Facilitative and Participative In the generation of wealth – Hon. Julius Debrah
1 hour -
GETFund clears GH¢199.47m to restore food supply to SHSs, TVET schools
2 hours -
Anthropic to spend over $100bn over a decade on Amazon’s cloud tech
2 hours -
Uber loses another US driver sex assault trial, ordered to pay $5,000
2 hours -
Nigeria police rescue 18 abducted bus passengers, including exam-bound students
2 hours -
CAGD rejects viral claim of GH¢427m ‘unearned salaries,’ says payroll system cannot pay beyond approved limits
2 hours -
GETFund, police leadership explore strategic partnership on education and capacity building
3 hours -
‘Opemsuo Wheat’: Asantehene blesses landmark project to end Ghana’s $450m import addiction
3 hours -
Police, CSSM join forces to build trust and fight Sahel extremism
3 hours -
8 National Security operatives granted bail for allegedly robbing illegal miners in Assin-Awisam
3 hours -
IERPP flags ‘opaqueness’ in Damang mining contract, calls for due process reforms
3 hours -
Government to procure 2 rice mills to ease post-harvest losses, boost food security – NAFCO boss
3 hours -
Gbintiri residents boycott market revenue payment over accountability, alleged 24-hour economy exclusion
3 hours -
Family of late Sawla MP performs funeral without mortal remains of the deceased
3 hours -
Soho Jazz Club kicks off with the Jazz Brothers
4 hours