Merchants have options to deploy hybrid electronic payment devises

The Ghana Interbank Payment and Settlement System (GhIPSS) says there are arrangements for local businesses to access hybrid Point of Sales (POS) terminals.

The firm plans to roll out over five thousand devices across the country this year. These are designed for shopping and payments with local ATM cards in some shops.

The system was first introduced about five years ago. But merchants and retailers in the Kumasi and other parts of the country were not attracted to install the e-zwich POS device due to the high cost of the machine.

Head of Business Development at GhIPSS, Mary Dei Sarpong, tells LuvBiz the merchants are now being offered flexible terms to acquire the devises.

She entreats merchants to contact their bankers for available options whilst enjoining banks to take advantage of the KSW loan facility for ezwich infrastructure deployment.

The rollout of the POSes, which accept both local ATM cards and e-zwich cards, begun in Accra, where about 330 of the devices have been placed in various shopping outlets, hotels, pharmacies and restaurants.

 

Major outlets in the Ashanti Regional capital will have the POS devises in the cause of the year.

Story by Kofi Adu Domfeh