In its efforts to reduce and eliminate the spread of Corona virus through person to person transmission, the government of Ghana is promoting QR code as a preferred payment solution in the county.
The QR code allows buyers of goods and services to use their phones to tap the QR of the merchants and payments will be concluded immediately; therefore preventing the need to give card to receiving cashiers who keys the card into a Point of Sale (POS) terminal, pulls it out before returning it back to the customer.
The QR code does not allow contact between parties during the transaction.
The introduction of the QR code system has received a tremendous acceptance and strong enthusiasm among banks and the general public in Ghana.
At present, six banks in Ghana have activated services that allow members of the public to pay for goods and services through the Universal GH QR code.
The banks are EcoBank, ECB Bank, Zenith Bank, Bank of Africa, Fidelity Bank and Agriculture development Bank. Other banks are still in the process to be part of this great initiative.
Vice President of Ghana Mahamudu Bawumia launched the universal QR code in March 2020, the service adds onto the several electronic payment solutions that the Ghana Internet Payment and Settlement Systems (GhiPss) has rolled out over the years
