GhanaPay launched to integrate Mobile Money and Banking Services.
The Ghana Interbank Payment and Settlement Systems Limited (GhIPPS) and the Bank of Ghana (BoG) has officially launched the GhanaPay mobile wallet. GhanaPay is a mobile money service provided by universal banks, rural banks, and savings and loans companies to individuals and businesses.
The Governor of the BoG, Dr Ernest Addison, in a speech given at the launch stated that, “This collaborative effort of a common electronic wallet would enable economies of scale through pooling of resources. By establishing this common GhanaPay mobile wallet, the cost of testing new technology for each bank is reduced and allows new ways of doing business.”
He further stated that the launch of GhanaPay is “one of such innovations in the financial sector that seeks to address some of the challenges associated with the current bank centric models by providing an open application that leverages on network infrastructure of the entire banking industry”
Chief Executive of GhIPSS, Archie Hesse, in an interview with Joy Business said the platform will be used to tackle the challenge facing the rural unbanked population.
GhanaPay will allow consumers to have both mobile money and banking services on their mobile phone at no extra cost except the payment of Electronic Transaction Levy (e-levy) whenever a transaction is done and everyone with access to a mobile phone, can register for a GhanaPay Wallet, with or without a bank account.
How to register for GhanaPay:
Option 1: SELF REGISTRATION - Dial *707#. Enter information about yourself and, select a bank you wish to own a wallet with. Walk into a branch of the bank you selected to validate your Ghana Card to complete registration. You can also download the GhanaPay App from Google or Apple store, select a bank you wish to own a wallet with. Enter information about yourself and follow prompt to complete registration. You will receive an SMS to confirm your registration.
Option 2: BANK BRANCH - Walk into any bank branch of your choice. Ask to be registered for a GhanaPay mobile money wallet. Provide your personal details along with your Ghana Card. When the process is completed, you will receive an SMS to confirm your registration.
Option 3: DESIGNATED AGENT (LOCATION) – You can go to specially designated GhanaPay Agents to register for a GhanaPay mobile money wallet with a valid Ghana card, just like in a bank branch.
Services available on GhanaPay include:
领英推荐
? Send and receive money on GhanaPay, other networks and bank accounts
? Cash-in and Cash-out
? Pay a GhQR merchant
? Buy Airtime ad Data
? Generate a Token
? Request a statement
? Make a complaint or send feedback
? Pay Bills
? Value added services
source: Bank of Ghana