Pulse.com.gh logo
Go


GhIPSS POSes GhIPSS and banks to drive POS patronage

Mr Archie Hesse, the Chief Executive of GhIPSS, said efforts would be made to encourage the public to use their domestic cards to make payments.

  • Published: , Refreshed:

The Ghana Interbank Payment and Settlement Systems (GhIPSS) will work closely with the banks to drive payment patronage on the gh-link hybrid Point of Sales (POS) machines.

Mr Archie Hesse, the Chief Executive of GhIPSS, said efforts would be made to encourage the public to use their domestic cards to make payments.

GhIPSS last year collaborated with the banks to increase awareness about express clearing of cheques and Automated Clearing House (ACH).

The campaign resulted in a 94 percent increase in the volume of express cheque transactions and over 100 percent increase in ACH Direct Debit transactions in 2015 compared to 2014.

Other GhIPSS initiatives also saw growth in patronage.

Following these successes chalked last year, Mr Hesse said GhIPSS planned to extend the drive to gh-link hybrid POSes.

He said it would take a lot of effort to get the critical mass of people to shop and pay with their cards, but was hopeful that together with the financial institutions, a lot could be achieved.

Mr Hesse said besides the deployment of more hybrid POSes, there would be several other activities to encourage patronage.

The GhIPSS Boss said financial institutions have increased their request for POSes which they give to their merchant customers.

He commended the banks for their role in promoting electronic payments and urged them to create more products and promotions around such payment options to support the cash-lite agenda.

Currently a number of major shopping outlets, restaurants, pharmacies and beauty parlours in Accra, Tema and other key outlets in the regional capitals also have the hybrid POSes.

Although POS transactions remain low, it however experienced a 52 percent growth in transaction in 2015.

 

Credit: GNA

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 2018 Budget Review Prepare to pay 35% tax if you earn 10k and abovebullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 2018 Budget Review Gov’t imposes tax on luxury vehiclesbullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Ponzi schemes in Ghana These investments are Ponzi schemes in...bullet
6 Economy Of Ghana Finance Minister presents mid-year budget...bullet
7 Education Top 5 private high schools in Ghana according to WAECbullet
8 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
9 Taxes In Ghana There will be no increase in VAT – Ofori Attabullet
10 How to make money online Online jobs; how to make...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Support Finance minister buys Kantanka carbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business