Pulse.com.gh logo
Go


Remitting Convenience E-Zwich to facilitate direct money transfer to customers

According to the head of GHIPPS, Archie Hesse, this will make it easier for Ghanaians to receive money transfers directly.

  • Published: , Refreshed:

In a week's time e- Zwich users will be able to  remit and receive funds directly from abroad on their e- Zwich cards directly.

This is as a result of a partnership between the Ghana Interbank Payment and Settle Systems and  the UnityLink Fiancial Services.
 

According to the head of GHIPPS, Archie Hesse, this will make it easier for Ghanaians to receive money transfers directly.

“Finally, we have a way by which transfer companies can send  money directly to now have the mechanism by which remittance companies in the diaspora can send money directed onto you e-zwich card. The recipient can go to any make, not only particular institutions as it was before."

Mr. Hesse also emphasized that the system is adequately secured.

“ The system's security feature ensures that the e-Zwich card is usable by the owner only. Only the owner can withdraw the funds and nobody else"

 

The volume of e-Zwich transaction last year grew about 260 percent rising from GHC 625,167 in 2014 to GHC 2,251,101. The value also grew about 238 percent rising from 272,671,968.15 in 2014 to 922,897,473.19 in 2015.

The Ghana Interbank Payment and Settlement Systems say the high jump recorded last year is as a result of the channeling of proceeds from the Livelihood Empowerment Against Poverty (LEAP) programme, payment of National Service personnel and the school feeding program.

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 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Education Top 5 private high schools in Ghana according to WAECbullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
7 Banking In Ghana Stranded customers of First Allied Savings...bullet
8 Tax Policy Gov't weighs in on controversial MoMo taxbullet
9 $100K Saga Presidency denies having knowledge of...bullet
10 Collapsed Banks Here are the auditing firms for the 7...bullet

Top Videos

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

Business