1. Paysafe study shows COVID-19 fueling online shift, payment preferences
  2. How the pandemic is solidifying contactless payments
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  4. Visa says contactless use surged amid COVID-19
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Sunday, August 9, 2020
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  1. Paysafe study shows COVID-19 fueling online shift, payment preferences
  2. How the pandemic is solidifying contactless payments
  3. MoneyGram’s Walk-In Business Hit By Coronavirus As Digital Transactions Surge
  4. Visa says contactless use surged amid COVID-19
  5. MoMo Interoperability Grows by Over 350% in the first quarter of 2020
  6. Russia’s VTB Bank launches international card-to-card transfers
  7. Ghana Launches Africa’s First Universal QR-Code to Drive E-Payments
  8. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
  9. Alibaba Extends $3B Loans to Coronavirus-Affected Firms
  10. ECG Prepaid Payments Goes Digital With Mobile App
  11. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
  12. Africa’s Quiet Cashless Payments Revolution
  13. Ghana’s Payment System Is Challenged-Kweku Adoboli
  14. Dangers Of Large Currency Denomination Notes
  15. Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
  16. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  17. GCB Bank To Issue Electronic Money
  18. Digitization Key to Formalizing Ghana’s Economy
  19. Google to Offer Checking Account
  20. Mobilemoney Interoperability Crosses GH¢90 billion
  21. Ghana to Launch a Universal QR-Code For Payments
  22. AirtelTigo Appoints New CEO
  23. Wirecard Acquires Chinese Payments Group for €109m
  24. Apple Pay Tops Mobile Payment Apps
  25. Verve Cards Launched in Ghana
  26. Ransomware Hits Billtrust
  27. The Catholic Church Launches Digital Rosary
  28. Payments Systems and Services Bill Passed
  29. GTBank Launches Virtual Cards to Promote Online Shopping
  30. MTN Ghana: “More Taxes Would Injure The Mobile Money Sector
  31. PwC Unveils New Tool For Auditing Crypto Transactions
  32. Bitcoin on Track For Best Second Quarter Price Gain
  33. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  34. Facebook Moves Towards Payments and E-commerce
  35. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  36. India Moves to Ban Cryptocurrencies
  37. Fintech: Redefining Payments in Africa
  38. Ghana’s Tax Filing To Go Digital
  39. MTN Deepens Financial Inclusion For Women In Ghana
  40. Apple Launches a New Credit Card
  41. IT Consortium Is ISO 27001:2013 certified
  42. 8 Services You Don’t Know Exist On MTN Mobile Money
  43. Second phase of mobile money interoperability launched
  44. African Banks Must Work With Fintech Startups

On Wednesday, November 28, 2018 the Vice President of Ghana, Mahamudu Bawumia launched phased two of the Mobile Money Interoperability Platform. The launch concludes what the Vice President calls the Financial Inclusion Triangle, and ensures universal interoperability, making Ghana one of the few countries in the world to attain this feat.

The second phase has completed the interconnection between Mobile Money and the e-zwich Payment Systems. This means customers can now move funds from their mobile money wallets to their e-zwich cards. The second phase will ensure seamless transactions across various platforms thus: bank accounts, Mobile Money wallets and the e-zwich payment systems.

Phase One of the project, launched on May 10th, 2018 saw the interconnection of the mobile money platforms, but not the E-zwich Payment Systems. phase one allowed customers to transfer funds between the various mobile money services provided by the telecom companies (MTN, Vodafone and AirtelTigo)

Speaking at the launch on Wednesday 28th November, 2018, Vice President Bawumia, said this universal interoperability – known by players in the fintech and banking circles as the Financial Inclusion Triangle, because it interconnects three payment platforms; mobile money, bank account and e-zwich.

Vice President Bawumia commended the Board and Management of the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), Bank of Ghana, Financial technology (Fintech) companies, the telecommunication companies, and all the partners for their cooperation and contribution towards the attainment of Mobile Money Interoperability in Ghana.

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