G-Money, GCB Bank Ghana Limited’s mobile money service has launched ‘Nexus,’ an open Application Programming Interface (API) system to onboard third-party Financial Technology (FinTech) partners.
With the API, G-Money partners are now able to perform disbursements, collections and Bill Payments including the payment of school fees and utility bills.
Additionally, partners will be able to issue USSD Vouchers, Static and Dynamic (Quick Record (QR) payments for customers on-boarding.
The API launch which was held virtually at a webinar allows other financial technology services and payment processors to run the G-Money service on their individual service platforms.
Participants at the webinar were taken through a tutorial session on how to use the API to perform transactions.
Speaking at the launch, Head of Mobile Financial Services of GCB Bank Ltd, Mr. Carl Ashie, said the new services and features would provide more convenience to G-Money customers.
He explained that “All prospective partners who want to have access to the API are required to present a license from Bank of Ghana, a GCB Bank account, a cover letter containing a formal request and a one-page proposal stating the channels which will be used and the services they intend to run.”
In his closing remarks, Head of Operations for GCB Bank, Charles Crabbe, thanked all the FinTech participants and reiterated the Bank’s commitment to assist all partners to become fully integrated unto the service.
“G-Money is the most exciting platform ever produced in our quest to increase GCB’s digital portfolio and the Bank is fully supportive of this service. We will make sure that every resource that is required to give you the best service is made available,” he assured.
Mr. Crabbe said GCB as a bank offers a wide range of financial services and that it was was working to expand partnerships to ensure that all customers could access their bank accounts remotely and on their phones.
G-Money is a mobile money service which allows both customers and non-customers of GCB Bank to store money in the form of electronic value- on their phones to perform transactions.
This service is an integral part of GCB Bank’s commitment to drive financial inclusion as part of its strategic objectives.
The Bank uses G-Money to run a unique convergence point between banking and telecommunication networks using its interoperability service and we believe this offer will benefit all stakeholders and drive growth in the economy.
Latest Stories
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
3 mins -
Herman Suede is set to release ‘How Dare You’ on April 24
4 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
4 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
4 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
5 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
6 hours -
South Africa bursary scandal suspects granted bail
6 hours -
Ecobank successfully repays $500m Eurobond due April 18
6 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
6 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
6 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
7 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
7 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
8 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
8 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
8 hours