GhIPSS Waives Fees On Interbank and Cross Wallet Transfer Charges

The Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS) is waiving fees on electronic payment services used by its partners and financial service partners.

This waiver comes in the wake of the COVID19 and its impact on service providers. The waiver will start on Monday, the 23rd of March, 2020.

The waiver will affect the following services:

Mobile Money Interoperability (MMI)

All cross wallet transactions on the mobile money interoperability platform shall not attract any fee from GhIPSS.

GhIPSS Instant Pay (GIP)

Banks & Fintechs offering Instant Pay services to their respective customers shall also not pay any service charge to GhIPSS

ACH – Direct Credit

Banks leveraging the ACH Direct Credit platform for bulk payments such as salaries; on behalf of their corporate Institutions shall also not incur any service charge from GhIPSS.

Launch Of GHQR Pay Service

The GhIPSS GhQR & Proxy Pay service is still planned to be launched with the launch date officially on 25th of March.

Source: GhIPSS Press Release

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