Audio By Carbonatix
Your local ATM card could soon work in outlets in Nigeria and Francophone West African countries as well as Cape Verde.
This is being made possible through the integration of the payment systems of Ghana, Nigeria, Cape Verde and the zone of West Africa Economic and Monetary Union (UEMOA).
The ECOWAS driven project which is in its advanced stages is part of a central sub-regional payment system that is being driven by the Economic Community of West African States (ECOWAS).
The Chief Executive of GhIPSS, Mr. Archie Hesse says even though ECOWAS plans to have a central West African payment platform, it has been agreed that a pilot be rolled out by integrating the four payment systems, after which the remaining countries will be joined on to the central platform. This was at a meeting in Senegal among the Chief Executives of the GhIPSS, the Nigeria Inter-Bank Settlement System (NIBBS) and their Francophone West African counterparts.
When the integration is complete, the ATM cards will work in ATM outlets, POS'es and for interbanking. The Chief Executives did a demonstration where local ATM cards from different countries worked on a Point of Sale device.
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.
Tags:
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
-
Anti-LGBTQ Bill: Forget the rumour mongers, I’m a man of action, and will pass the bill – Speaker
39 minutes -
Women and children among those killed in Sudanese army shelling of wedding celebration
43 minutes -
President Mahama is not sincere with Ghanaians on LGBTQ bill matter – Hassan Tampuli
1 hour -
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
1 hour -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
1 hour -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
1 hour -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
1 hour -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
2 hours -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
2 hours -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
2 hours -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
2 hours -
Nigeria convicts 386 Islamist militants in mass trials
2 hours -
Djibouti president wins election with 97.8% of vote, state media saysÂ
2 hours -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
3 hours -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
3 hours