Accra Some nine banks are ready to provide QR Code services to shop owners and other merchants, following the launch of the electronic payment service on Wednesday.
This means that people who
want to be set up to use QR Code can approach those banks for assistance.
The banks are Ecobank, GCB Bank, Consolidated
Bank Ghana (CBG), Agriculture Development Bank (ADB), Zenith Bank, Fidelity
Bank, United Bank for Africa (UBA), Republic Bank and Cal Bank.
These financial institutions and others, which
will come on board later, will work with Fintechs to generate QR codes for
merchants.
The Vice President, Alhaji Dr Mahamudu Bawumia,
launched the universal QR Code (GH QR) and the Proxy Pay electronic payment
services.
The two would add on to the plethora of
electronic payment channels that the Ghana Interbank Payment and Settlement
Systems (GhIPSS) has rolled out over the years.
With the QR Code, customers can scan the codes
displayed at various shops and other outlets with their smart phones to make
payment.
Those who do not have smart phones can pay with
their feature phones by dialling a code that will also be displayed at the
merchant’s location.
QR Code is cheap and easy to set up and a quick
and secure way to make payment.
The Chief Executive of GhIPSS, Mr Archie Hesse,
was grateful to the banks for their support and urged the remaining banks to
quicken their processes and also get on board.
Mr Hesse indicated that shop owners and other
merchants could approach any of the nine banks and get set up to use the QR Code.
The QR Code for payment is simple to set up as
it only involves generating unique QR codes, which can be a mere sticker posted
on the wall of the shops or on a small stand.
A wide range of businesses including taxi
drivers, small shops, super markets, pharmacies, chop bars, restaurants as well
as major service providers can all use QR codes for payments.
Source: Ghana News Agency