The Bank of Ghana and the Ghana Interbank Payment and Settlement System (GhIPSS) have launched a new platform which will integrate banking services called “GhanaPay”.
Chief Executive of GhIPSS, Archie Hesse, in an interview said the platform will be used to tackle the challenge facing the rural unbanked population.
“This initiative gives the banks an opportunity of a platform to issue mobile money account to customers and individuals that can’t secure banking account for one reason or the other. So we don’t rely solely on the fintechs and mobile money agents for transactions on the mobile money platform”, he said.
Governor of the Bank of Ghana, Dr. Ernest Addison, stated that the GhanaPay platform will be a helpful tool to support the financial payment ecosystem.
“With the introduction of GhanaPay, the banking sector can address this market gap through continuous collaboration to expand merchant acceptance with greater focus on lower tier merchants. There is no doubt that the appropriate support for the payment systems value chain and public education, infrastructure light solutions such as the GhanaPay, can boost electronic payment acceptance.”
GhanaPay will allow consumers to have both mobile money and banking services on their mobile phone at no extra cost except the payment of the Electronic Transaction Levy (e-levy).
To register for a GhanaPay mobile money wallet in one of 3 ways:
To self-register, users need to Dial *707# on their phones and follow the prompts. They can then go into a branch of their bank to validate their Ghana Card to complete registration.
Users can also download the GhanaPay App from Google or Apple store, and select a bank they wish to own a wallet with. Enter information about yourself and follow the prompt to complete registration. They will receive an SMS to confirm your registration.
Users can go into any bank branch of their choice and ask to be registered for a GhanaPay mobile money wallet. They then provide your personal details along with their Ghana Card. When the process is completed, they will receive an SMS to confirm your registration.
Lastly, users can go to specially designated GhanaPay Agents to register for a GhanaPay mobile money wallet with a valid Ghana card, just like in a bank branch.
Features Of The GhanaPay App
The GhanaPay mobile app (Google Playstore and iOS) provides a number of services for users including the following:
- Send and receive money on GhanaPay, other networks, and bank accounts
- Cash-in and Cash-out
- Pay a GhQR merchant
- Buy Airtime ad Data
- Generate a Token
- Request a statement
- Make a complaint or send feedback
- Pay Bills
- Value added services
Please can you select any other bank apart from the bank you have an account with?
You can, but you’ll need to verify the details of the bank you selected
Can you link with an international bank?
No. Only local Ghana banks