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The Chief Executive Officer of GhIPSS, Mr. Archie Hesse has been awarded the Payment Industry Personality of the Year at the 2019 Edition of the Ghana Information Technology & Telecoms (GITTA) Awards.
He was honoured for his contributions to the development of Ghana's payment systems; as well as for spearheading the development of the Mobile Money Interoperability platform after GhIPSS was commissioned by the Vice President, Dr. Mahamudu Bawumia to develop the MMI platform.

The Mobile Money Interoperability (MMI) platform has recorded more than 4.4 million transactions since it introduction in May, 2018. Beginning with just 96,907 transactions in May, 2018, public usage of the cross-network platform has grown phenomenally from 422,275 transactions in December last year to 502,873 transactions in May this year.

Archie Hesse, joined GhIPSS in 2007 as a General Manager in charge of Projects & Business Development.  Whilst in that role, he spearheaded the implementation of a National Biometric Smart Card Banking and Payment System – e-zwich, the Cheque
Codeline Clearing (CCC) System, the Ghana Automated Clearing House (GACH) Systems for direct debit and direct credit, and the National Switching and Processing System – gh-link until his appointment as CEO in July 2012.     

Under his leadership, GhIPSS introduced many reforms that have helped Ghana achieve “Universal Interoperability” with the completion of the mobile money interoperability Phase 1 & 2.

This achievement contributes to increasing electronic transactions in the Ghanaian economy, increasing efficiency in payments, and improving financial inclusion by bridging the gap between the banked and the unbanked.

About GITTA Awards
Now in its 9th year, the Ghana Information Technology & Telecom Awards is the most prestigious awards program in the industry. GITTA has become one of the industry’s most prized honors. It is an accolade given to individuals and teams. It is a vindication of the hard work, innovation and dedication of those at the forefront of this dynamic global profession.

Just a year after its launch, Mobile Money Interoperability—a system that makes mobile money transactions among different networks possible—has hit GH¢95.88million in value for the first quarter of 2019, the Payment Systems Statistics report published by the Ghana Interbank Payment and Settlement Systems (GhIPSS) has revealed.

The report, published by the Ghana Interbank Payment and Settlement Systems (GhIPSS), shows that of all the services offered by the mobile money interoperability platform – namely, wallet to wallet, wallet to account, and wallet to e-zwich – it was wallet to wallet that recorded the highest transactions of GH¢85.73million, representing 89.4 percent of all transactions.

This was followed by the wallet to Account transactions, which recorded a value of GH¢10.14million representing 10.5 percent of the total transactions on the platform; whereas wallet to e-zwich transactions recorded the least of just GH¢8,343.

What this means is that many of the subscribers to mobile money find it easy and convenient undertaking transactions between mobile money accounts, rather than undertaking transactions between their mobile money accounts and their bank and e-zwich accounts.

The report further shows that the value of cheque transactions has declined by more than 10 percent within the same period, dropping to GH¢43.9million from GH¢48.8million – a clear indication that more people are now finding the mobile money platform more convenient than using cheques for their business transactions.