The Bank of Ghana (BoG) has established a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda.
The emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively.
In a statement on Tuesday, the BoG said “The new FinTech and Innovation Office will be responsible for licensing and oversight of dedicated electronic money issuers (mobile money operators), payment service providers (PSPs), closed loop payment products, payment support solutions and other emerging forms of payment delivered by non-bank entities.”
The office will also develop policies to promote FinTech, innovation and interoperability in Ghana.
Latest Stories
-
Bahamas World Relays: Ghana paired with world and Olympic champions in Heat 1
55 mins -
Bahamas 2024 Relays: Star-studded cast ready to put on pre-Paris show
2 hours -
Bahamas Relays preview: clash of global title-winning teams in men’s 4x100m
2 hours -
Arsenal keeper Raya wins Premier League Golden Glove
2 hours -
Iñaki Williams scores twice in Athletic Bilbao’s win over Getafe
2 hours -
Argument with Salah ‘completely resolved’ – Klopp
2 hours -
Reus to leave Dortmund at the end of the season
3 hours -
Uefa confirms 26-man squads for Euro 2024
3 hours -
Teacher Unions press home demands for the new allowances
3 hours -
Media’s failure to hold government accountable for ‘galamsey’ alarming – Mahama
3 hours -
Keta Presbytery urges Akufo-Addo to assent to anti-LGBTQ+ Bill
3 hours -
Ghanaian midfielder Lawrence Ofori nets maiden goal of the season with stunner against Vizela
3 hours -
Community fearful after off-duty policemen shot dead at East Trasacco
3 hours -
Dext Technology partners KNUST to train basic school teachers on STEM
4 hours -
My efforts led to remarkable transformation in Appiatse – Lands Minister
4 hours