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Shoppers using gh-link cards during the Valentine period, from February 14 to 17, 2024, will enjoy special rewards at the two China Malls located on the Spintex Road and Zen Petroleum at Odorkor. The four-day promotion is a collaborative effort between GhIPSS, Stanbic Bank, China Mall, and Zen Petroleum, aimed at creating awareness on the use of the gh-link card as a payment card and not just as an ATM card used for cash withdrawals.

The gh-link card, a domestic scheme card issued by various banks, is easily recognizable with the "gh-link" logo embossed on it. These cards can be utilised at all gh-link ATMs and Point of Sale (PoS) devices nationwide. ATM Transactions with gh-link cards typically incur lower charges, whilst POS transactions with gh-link cards are free to the cardholder. Dispute resolutions associated with gh-link transactions are resolved faster in case of disputes.

Mrs. Akosua Blay Head of Cards & Verified Payments at GhIPSS, in an interview emphasised that while the promotion aligns with efforts to reduce cash dependency and promote electronic payments, it also aims to spread love during the Valentine season. She encouraged the public to utilise their gh-link cards at the designated outlets to qualify for reward packages and advised those without gh-link cards to obtain them from their banks in order participate in the promotion. “If you do not have a gh-link card, visit your bank and request for a gh-link card, so you do not lose out on this promotion”.

Additionally, Mrs. Blay urged banks to educate customers about the distinctions between domestic and international scheme cards to help them make informed choices. She hinted at more reward schemes for gh-link cards in the future and urged the public to embrace domestic scheme cards.

The Head of Cards noted that a large number of shopping outlets now have their POSes accepting the gh-link cards and urged the public to patronise these POSes instead of paying with cash. The superiority of cards over cash such as security, provision of audit trail and the direct deposit of the funds into the bank account of the merchant were emphasized.

The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), Ghana’s National Payment Systems Infrastructure Provider, today announced a pioneering partnership with Visa, a global leader in digital payments. The partnership will have GhIPSS process domestic transactions denominated in Ghana Cedi with Visa cards issued in Ghana.

This strategic collaboration is in line with the Bank of Ghana’s Guidelines for Domestic Processing of Payment Card Transactions with Payment Cards Issued in Ghana. Published in August 2021, the guidelines provide the mechanism for international card schemes to process their domestic transactions locally.
In partnering with GhIPSS, Visa takes advantage of GhIPSS' unique position as the National Switch and a provider of interoperable platforms for digital financial services as well as its sixteen-year track record of processing payments domestically in Ghana.

GhIPSS will benefit from integrating Visa's advanced payment processing technology into its platform to deliver Visa’s brand promise to domestic customers.
“Our partnership with Visa, a global brand that has extensive experience in digital payments, is an important step for our business. It is an outstanding opportunity for us to leverage Visa's expertise and assets to get better at our craft while delivering value to Visa customers in Ghana." said Archie Hesse, CEO of GhIPSS. We are confident that this partnership will be a success and will expand into other areas of mutual interest in the future.”

Andrew Uaboi, Vice President, and Cluster Head of Visa West Africa said: "This collaboration underlines our unwavering commitment to driving financial inclusion expansion across Ghana. We believe that by leveraging our global network and innovative payment solutions, we can empower individuals and businesses, fostering economic growth and prosperity for all.”

GhIPSS is a National Digital Payments Infrastructure provider in Ghana with a mandate to provide interoperability for Clearing House Services, Payment Card Services and Instant Payment Services, serving both banks and non-bank financial institutions in Ghana.