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Mobile Money Deposits in Ghana Hit GHC2.3b in 2017

The amount of money mobilized outside the banking system through mobile money reached record GH¢2.3 billion ending December 2017, according to data from the Bank of Ghana. The amount represents a Read More →

Barclays Africa Group and Frontclear Partner to Develop Africa’s Interbank Markets

Barclays Africa Group Limited (BAGL) has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility. The contribution reflects the Read More →

Gemalto to Provide Ghana Central Bank with PURE Payment Technology

Digital security provider Gemalto is providing its PURE white-label payment solution to Ghana Interbank Payment and Settlement Systems, a subsidiary of Ghana’s central bank that manages the country’s interbank payment Read More →

Digital Payments Could Save Ghana Over GHS 1 billion Within Next Four Years

At an event bringing together key government and business players, the Ghana’s Ministry of Finance and the UN-based Better Than Cash Alliance released a report documenting the country’s progress in creating Read More →

Allied Exchange Africa Launches a Cross-Network Mobile Money Platform

Allied Exchange Africa Ltd. has launched its novel digital payment platform, ALEXpay to overcome the lack of cross-network fund transfer and interoperability which currently inhibits the potential of mobile money Read More →

Move on UT and Capital Banks was Strategic says GCB Bank MD

The Managing Director of GCB Bank, Mr. Anselm Ray Sowah, says assuming the management of UT and Capital Banks is a strategic move in the interest of the Bank. “It was Read More →

Ghana: Mobile Money Fraud on the Rise

Corporate Executive of MTN Ghana, Mrs. Cynthia Lumor, has warned customers and subscribers of the mobile money service against sharing their pin numbers with vendors or agents. According to her, no Read More →

Direct Pay Online Gains Security Certification in 12 Countries Across Africa

Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 Read More →

Mastercard Invested in Building a Cashless Ghana

With aspirations of becoming an African economic powerhouse, Ghana is partnering with organisations such as Mastercard to smartly integrate technology into all aspects of the economy – building for the Read More →

Mastercard to Support Development of Ghana’s Digital Payment Ecosystem

In support of Ghana’s Vision 2020 goals, Mastercard has committed its support to helping the country to develop a cashless economy, in furtherance of its push to be an economic Read More →

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