The Ghana Interbank Payment and Clearing System (GhIPSS), a subsidiary of the Bank of Ghana, and partner institutions have embarked on public education to raise awareness and attract Ghanaians’ attention to the universal quick response payment code.
Vice President Mahmudu Bawumia launched GhQR last year to add existing electronic payment channels in Ghana as part of a larger Cash-Lite agenda.
As more than 15 institutions (including 11 financial institutions and 4 payment service providers) begin to use GhQR, the use of GhQR is expected to grow significantly.
When talking about this innovation, Mr. Archie Hesse, CEO of GhIPSS, expressed his appreciation for the organizations that have already enabled the service and expressed the hope that other participants in the industry can speed up their processes so that customers can enjoy the service.
So far, the institutions that provide GhQR include Vodafone Cash, AirtelTigo Money, GCB Bank, Absa Bank, Access Bank and Cal Bank and Fidelity Bank.
Mr. Hesse said that GhQR is a contactless payment method, which makes it ideal in the era of the coronavirus pandemic because it can ensure that both customers and merchants keep their distance.
Mr. Hesse said the campaign will continue and urged the public to patronize the GhQR payment service.
The payment service enables customers to use a smartphone to scan the displayed QR code and pay, or use a mobile phone to dial the displayed USSD code to make payment.
The QR code in Ghana is universal, which means that any customer serviced by its bank or payment service provider can use it in a displaced place.
“Anybody that has ever used a phone should be able to use QR code with ease, and after scanning or dialling the code, one can see the details of the transaction to be certain that they tally with how much is to be paid and who is being paid, before tapping to pay”, Mr. Hesse explained.
He added that this feature allows customers to know that the correct transaction has been completed, thus greatly relieved.