The Ghana Interbank Payment and Settlement System Ltd (GhIPSS) will roll out its e-commerce payment solution this year.
The project will enable both small and big businesses, including public institutions to receive payment online.
Although, most e-commerce businesses rely on courier service providers to receive payment on their behalf, GhIPPS has indicated that, the public will finally have the option to pay online using their local bank cards.
This will enable shoppers in Ghana to also buy and pay online, using their local cards.
Speaking to the issue, Chief Executive Officer of GhIPSS, Archie Hesse, said the processes are almost complete for the service to go live.
According to him, GhIPSS is engaging with airlines, state institutions as well as key players in the e-commerce industry to ensure that online payment using the bank cards became common beginning this year.
He therefore, encouraged Financial Technology companies to market themselves to the smaller businesses in order to provide the service to them.
He advised that, firms in the e-commerce space should speak to Fintechs and be ready to receive payments online when the system goes live.
It is likely that, some state enterprises and institutions such as Electricity of Company of Ghana, Ghana Water Company, Ghana Revenue Authority and Registrar General, could be set up to receive payments online.
By:StephanieHorsu/techvoiceafrica.com
