Absa Bank Ghana Ltd has launched Mobi Tap, a mobile payment solution that turns any NFC-enabled smartphone into a secure, contactless payment terminal.

This is part of efforts to simplify digital transactions for small businesses.

Delivering the opening address during the launch event, Executive Director for Retail and Business Banking at Absa Bank Ghana, Kobla Nyaletey, emphasised the bank’s focus on empowering entrepreneurs with relevant, cost-effective tools.

“Today, we are simplifying payments for SMEs and placing the power of a secure, all-in-one payment solution right into their hands with just a mobile phone.

"Our promise to merchants is that Mobi Tap will make business more convenient for you through its simplicity, accessibility and security,” said Mr Nyaletey.

The platform allows merchants to accept contactless payments by card, mobile money or bank transfer using only an NFC-enabled smartphone.

The solution is secure, flexible and removes the need for expensive hardware or complicated integrations.

Head of Payments and Digital Commercialisation at Absa Bank Ghana, Claude Agyen Asamoah, said: “With Mobi Tap, we have taken away the complexity and cost of payment acceptance and replaced it with a simple, secure and flexible solution that lives right on your smartphone.”

A customer who had tried the Mobi Tap solution shared her experience during the event, noting that it had made her work easier and that her customers also appreciate the convenience it brings.

Her comments highlighted Mobi Tap’s user-friendliness and effectiveness in busy retail environments.

Country Manager for Visa, Fabrice Konan, also spoke at the event, describing the broader significance of the solution.

“Mobi Tap is more than a payment solution; it is a tool for economic empowerment. It gives every entrepreneur, no matter how small, the power to grow, thrive and fully participate in a digital economy.”

Mobi Tap arrives at a time when many small and micro businesses in Ghana continue to rely heavily on cash, often due to the high cost of POS devices and concerns about digital security.

With Mobi Tap, Absa is removing these barriers by offering a low-cost, secure and user-friendly alternative that makes digital payment acceptance possible for anyone with a smartphone.