Ecobank And Zenith Bank Accept Gh-Link Cards
Holders of gh-link cards can now also use their cards on Ecobank and Zenith Bank Point of Sales (PoS) devices throughout the country.
Gh-link is a national payment system and currently all domestic cards are connected to it.
Until Ecobank and Zenith bank came on board, gh-link cards could only be used on the hybrid gh-link PoSes, which accept both e-zwich and the domestic cards.
However, to widen access, steps are underway to ensure that other PoSes also accept the domestic cards.
The Chief Executive of Ghana Interbank Payment and Settlement System (GhIPSS), Mr Archie Hesse, said in an interview that a number of banks were working to also make their POSes accessible to domestic cards.
He explained that Ecobank and Zenith had taken the lead but other major banks would soon come on board.
Ghana has been making steady strides since 2007 to migrate the economy into an electronic payment society where less cash will be used while electronic means such as paying on PoSes, Instant Pay, e-bills pay, among others, will become the preferred payment channels.
Mr Hesse said the move to enable other POSes to accept the domestic cards is part of the general agenda to drive electronic payments in the country.
'There are more domestic cards in Ghana compared to the international cards and the cost of terminating transactions on the domestic cards is cheaper, making them the preferred card for the Ghanaian market,' he said.
The GhIPSS is therefore making every effort to ensure that gh-link card users have a lot of avenues to use their cards.
Currently gh-link cards can be used on all ATMs in the country.
Ecobank and Zenith have their POSes in super markets, fuel stations and some restaurants, implying that gh-link cards can be used to make payments at such places.