Global

Ghana to Begin Digital Asset Regulation in September

CoinGeek

"Ghana’s central bank will begin overseeing the digital asset space later this year, pending the passage of legislation currently before parliament, Governor Johnson Asiama has revealed. Asiama spoke at the African Leaders and Partners Forum, held in Washington on the sidelines of the International Monetary Fund (IMF)-World Bank Spring Meetings. He pledged the Bank of Ghana’s (BoG) commitment to promoting digital asset adoption by enforcing friendly laws that protect consumers without stifling innovation."

Tags: Ghana

Global

Ghana’s Central Bank Releases Draft Open Banking Directive

Open Banking Expo

"Ghana’s central bank, the Bank of Ghana, has issued a draft Open Banking Directive with the aim to “accelerate the adoption of digital financial services” and “improve the overall functioning” of the country’s payments and financial ecosystem."

Tags: Ghana

Global

Flutterwave's Ghana Payment License Paves Way for Secure Transactions

PR Newswire

"Flutterwave has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana."

Tags: Ghana

Global

CBDC Solution From G+D Proves Viability for Cross-Border Payments

GI-DE

"Recently the Central Bank of Ghana announced the successful completion of the first proof of concept within the Project DESFT (Digital Economy Semi-Fungible Token) which demonstrated the use of digital credentials for international trade and cross-border payments. It proved the viability of the Ghanaian eCedi in cross-border transactions between Ghana and Singapore.​"

Tags: Ghana Singapore

Global

Ghana and India Working To Link UPI and GHIPSS Payment Systems For Fund Transfers

Tech Labari

"India and Ghana have been in talks to link their payment systems – Unified Payments Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS) respectively to permit users to make instant, low-cost fund transfers."

Tags: Ghana India

Global

GhIPSS, Visa Sign Domestic Processing Partnership Deal

TechFocus24

"The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), Ghana’s national payment systems infrastructure provider, announced a pioneering partnership with Visa, a global leader in digital payments, that allows GhIPSS to process domestic transactions denominated in Ghana Cedi with Visa cards issued in Ghana."

Tags: Ghana

Global

GhIPSS Instant Pay Fast Becoming the Go-To Service for Quick Transfers

GhanaWeb

GhIPSS Instant Pay is fast establishing itself as the go to platform for quick interbank transfers in Ghana.

Tags: Ghana

Global

Ghipss CEO: Real-Time Payments Is Now 65% Of Transactions on Our Platform

TechFocus24

"CEO of the Ghana Interbank Payments and Settlements Systems (GhIPSS), Archie Hesse has said that real-time payments now constitute over 65% of transactions on the GhIPSS platform, highlighting the importance of FinTechs in Ghana."

Tags: Ghana

Global Systems

Cheque Usage to Decline in Favour of Near Real Time Payment

GhanaWeb

“The use of cheques to make payment could witness further decline in volume, following the addition of the Automated Clearing House Direct Credit, Near Real Time payment channel.This is because the Near Real Time (NRT) payment channel offers a better and quicker alternative to cheques.”

Tags: Faster payments Ghana

Global Tech

Ghanaian Universal QR Code Set to Accelerate E-payments

Global Government Forum

“Ghana has become the latest country to commit to rolling out a universal QR code, as the country’s government seeks to accelerate the take-up of e-payments. The move was announced by the West African country’s vice-president, Mahamudu Bawumia, earlier this month at an event in capital, Accra.”

Tags: Ghana QR codes

Global Tech

Paystack, with ambitions to become the Stripe of Africa, raises $8M from Visa, Tencent… and Stripe itself

TechCrunch

“The company is active today in Nigeria, where its payment API integrates with tens of thousands of businesses, and in two years it has grown to process 15 percent of all online payments; and the plan is to both continue to grow in its home market, as well as expand to more countries, starting with Ghana.”

Tags: APIs Ghana Mobile apps Nigeria

Domains Global

Airtel Tigo integrates money transfer platforms

Ghana Web

“Customers of Airtel Money and Tigo Cash will by the end of April 2018, be integrated onto a single platform to allow for mobile money transactions. This is according to the CEO of Airtel Tigo, Roshi Motman. The move which will make them the second biggest mobile money operator in the country also forms part of the integration of the two companies after their merger in November 2017.”

Tags: Ghana Mobile Money