Electronic Payment Use Direct Debit services - GhIPSS boss urges Ghanaians

The Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), Mr Archie Hesse, said that the Direct Debit system when utilised properly will drive patronage for electronic payment options, which are more efficient.

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The Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), Mr Archie Hesse, has encouraged the banking population in Ghana to ask for Direct Debit services from their banks or service providers and use it for frequent payments. 

He said this will reduce the stress of making payments physically at every single due date.

He further added that this system when utilised properly will drive patronage for electronic payment options, which are more efficient.

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“The obvious advantage of Direct Debit is that it allows utility bills, subscriptions and any other forms of regularly payments to be made timely.”

He said the Direct Debit system benefits both the customer and service provider.

“When customers default in paying bills or subscriptions, the service providers or organisations suffer, so if they encourage customers to use Direct Debit, they would be happier for it,” Mr Hesse explained.

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He added that Ghana can also implement the system since other developed countries have done same.

The Automated Clearing House (ACH) Direct Debit is offered by banks and it is an electronic form of payment that customers can use to pay mortgage, utility bills, and various forms of fixed subscriptions such as for gyms, magazines, pay-TV, and association membership dues among others.

The customer only needs to fill a Direct Debit form that will authorise the companies or institutions they need to make these regular payments to collect the stated amount from their bank accounts on specific dates.

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Direct Debit appears to be similar to Standing Orders, but the former can be used for the payment of both fixed and variable amounts.

Mr Hesse said using Direct Debit was safe, convenient and cost-effective as it takes away the hassle of having to make such payments every time they were due.

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