The Bank of Ghana in collaboration with the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) and eTranzact, has launched a local payment card “GH-link EMV prepaid and debit card” as part of government plans to promote a cash lite economy.
The GH-Link prepaid and debit cards have multichannel capabilities, enabling cardholders to use a payment channel that is most convenient and best fit on meeting their need for the payment of a good, service, funds transfer or accessing cash.
The Director of Payment Service Department, Bank of Ghana, Dr. Settor Amediku, who spoke on behalf of the Governor of Bank of Ghana, Dr. Ernest Addison said, the bank of Ghana recognizes well-developed payment system to Ghana’s economic development and the importance and the establishment of GhiPSS to drive the payment system Reforms to enhance safety and efficiency.
He said Ghana has a payment card scheme which compares favourably with other international payment card scheme in terms of security, resilience and integrity and urged the public to work together to make the Gh-Link card readily available to the public to promote a greater secure, efficient and cashless electronic payments.
The Executive Director of ETranzact Ghana, George Babafemi in his address also added that the Chip and pin card services being launched is in support of the Governments vision to promote the use of local cards for local transactions.
by: Prince Baffour Asamoah