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The Ghana Interbank Payment and Settle Systems has successfully reduced the time needed in transferring money from one account to the other.
READ MORE: Cashless economy BoG advocates for cashless economy
This forms part of the GHIPSS’ aim to revolutionize the banking system with IT in order to quicken banking transactions to save time as well as increase safety.
Chief Executive Officer of GHIPPS, Archie Hesse says banking innovation is extremely neccessary if Ghana is to catch up with the world in terms of world-class banking transactions.
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“We are bringing this at a time when Ghana is pushing for a cash-lite economy. This makes it necessary for us to come up with ways to make some of these mandatory processes quicker, instant if need be”, he said.