All for Joomla All for Webmasters

08.00 to 17.00 Monday to Friday

#23, Seventh Avenue Ridge West P.M.B. GPO Accra-Ghana

Head Office +233 30 261 0800

We Are Proud to Say, FinancePress is Your Best Personal Financial Advisor.

Our Best Services

Financial Planning

It is long established sed fact will distracted by sed the readable content of a page when looking when layout more collections finish.

Saving Solutions

Established sed fact will that sed
tracted by sed the readable on contents of a when looking when layout will becollections finish on time.

Private Banking

It is long established sed fact will distracted by sed the readable content of a page when looking when layout more collections finish.

Wealth Management

Established sed fact will that sed
tracted by sed the readable on contents of a when looking when layout will becollections finish on time.

Financial Planning

It is long established sed fact will distracted by sed the readable content of a page when looking when layout more collections finish.

Saving Solutions

Established sed fact will that sed
tracted by sed the readable on contents of a when looking when layout will becollections finish on time.

Private Banking

It is long established sed fact will distracted by sed the readable content of a page when looking when layout more collections finish.

Wealth Management

Established sed fact will that sed
tracted by sed the readable on contents of a when looking when layout will becollections finish on time.

images

Stay With FinancePress To
Reach Your Goal

Tempor incididunt ut labore et dolore magna aliqu enim minim sed ut veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex eay commodo consequat. Duis aute irure dolor in reprehenderit in at seds voluptate velit esse cillum dolore eu fugiat.

Buy Theme

Request a Free Consultation

 
Conduct Share Holders Meet
About Investment Management
  •  

    Wealth

    Get Lates News About FinanPress Weath Insurance Policy.
     

    Account

    You Can Link Your Multiple A/C With Your Account Profile
     

    Payment

    Make Your Payment in Our All Local FinanPress Center.
     

    Commodities

    Advantage of Highly Leveraged Exposes Commodities.

     

     
     
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo

    Officials of the Ghana Interbank Payment and Settlement Systems (GhIPSS) have held a day’s engagement with finance directors of major companies to explain the workings and benefits of GhIPSS Instant Pay (GIP).

    The move is part of efforts to increase public awareness about the GIP.
    The GIP is a real time interbank payment platform that enables money to be transferred immediately from one bank account to another. It serves as a payment platform for companies and individuals who need to make instant payments without the need to move physically to the recipient.

    Currently over 80 per cent of banks mainly the major ones have integrated their system with the GIP platform. The instant pay service is offered through different channels. Most of the banks offer GIP through their internet banking platform, mobile Apps, as well as automated teller machines (ATMs).

    The GIP can also be offered through Point of Sales devices. A number of Fintech companies as well as savings and loans companies have also integrated with the GIP and offering instant pay services to their clients.

    The ARB Apex bank on the other hand is in the process of integrating with GIP, which will pave way for rural and community banks to also offer GIP services. Speaking to the participants, the General Manager, Business Development at GhIPSS, Clara Arthur touched on the benefits of GIP, especially for companies who want their clients to make payments to them instantly. She explained that GIP was as good as cash but even more secured.

    The finance directors at the engagement admitted that cheques continue to be the dominant mode of payment but said they encountered a number of challenges using them, including dishonored cheques, delays in confirming payments and double debiting of accounts.
    Responding to their concerns, the Head of Digitized Payments at GhIPSS, Akosua Blay, said the challenges they face give reasons for them to explore other payment channels such as GIP.

    She said though electronic clearing of cheques was one of GhIPSS products, GIP was being promoted as a better alternative for fast payments, stressing that “we need to migrate customers away from cheques”.

    Officials of some banks, who were also invited to the programme, explained how the GIP is offered to their customers.
    They demonstrated a live transfer of funds through GIP and explained how useful it is to the operations of companies. They also urged the companies to use GIP as well as encourage their customers to also use it because it is convenient and instant.

    The GhIPSS plans to engage with other stakeholders to drive home the importance and benefits of GIP.

    GNA


    Partners


    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    • logo
    Style Switcher

    Layout Style

    Predefined Colors

    Background Image