UMB Bank Introduces Three New Visa Cards
Universal Merchant Bank (UMB Bank) has announced the introduction of three additional VISA cards to give its customers more options in carrying out their transactions. As one of Ghana’s most...
Tag: Payment systems
Indians Run Out of Patience As Banks & ATMs Run Out of Cash, Post-Demonetisation
India's sudden move of scrapping currency notes of higher denominations to curb the menace of black money seems to be a nightmare for the country's poor and the middle class. Long queues of people...
How Strong Are Our Banks?
How strong are our banks? In recent months, l have heard and read about genuine concerns expressed about the “banking sector” in Ghana. The sad reality, however, is that most of the concerns are...
UMB Outdoors New Visa Cards
Universal Merchant Bank (UMB Bank) on Thursday, introduced three additional VISA Cards to give its customers more options in carrying out their transactions. The new VISA Cards are UMB VISA Prepaid...
Unregistered Sim Cards Will Lose Their Mobile Numbers
The Ghana Chamber of Telecommunications has advised mobile phone users to register their SIM cards immediately or risk losing their numbers. According to the Chamber, very soon the grace period given...
GRA Gets E-Payment Platform
Ghana Revenue Authority (GRA) in partnership with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty as tax collector seeks to seal loopholes for tax...
GRA Launches E-Card For Customs Duty Payment
The Ghana Revenue Authority in collaboration with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty. The platform dubbed, “The Ghana National Single...
Credit Card Interest Rates and Fees On the Rise In UK
Credit card users are being warned about rising interest rates and fees, which could add hundreds of pounds to a borrower's annual costs. Moneyfacts.co.uk said some card issuers had moved to offset...
The Evolution of Mobile Phone Banking Services
I do have a question for you. Is the use of Mobile Phone Banking making significant efforts in bridging the gap to universal financial inclusion? Come to think of it! Mobile banking is simply the act...
Man Commands ATM Machine To Operate, Speaks Tongues On It
In a video which has over 150 views on Facebook, a disgruntled customer of a bank is seen speaking in tongues and commanding an Automated Teller Machine (ATM) to open. The video was shared by James...
BoG Urged To Promote Cashless Transactions
The Chief Executive Officer of Zoobashop, Mr Albert Biga, has called on the Bank of Ghana to introduce interventions that will promote cashless transactions. The Central Bank is seeking to promote a...
Can Banks Survive Mobile Money Threat?
The Chief Executive Officer of Dream Oval, Mr Derry Dean Dadzie, has said the mobile money operations pose as a threat to banking sector. He said if not checked, the growth of mobile money could...
ECG To Introduce Recharge Cards, Mobile Top-Ups
The management of the Electricity Company of Ghana (ECG) has revealed that the company is considering the introduction of recharge cards for customers using prepaid meters. The reforms will also...
ECG To Introduce Recharge Cards, Mobile Money For Bill Payment
Western Regional ECG Manager, Jacqueline Ofori-Atta. The Electricity Company of Ghana (ECG), has said it will soon introduce the use of recharge cards to power prepaid meters, as well as mobile money...
Payments East Africa 2016 On 27-28 September, Radisson Blu Hotel, Nairobi, Kenya
Banks and telcoms worldwide are rethinking their current business models and sources of revenue in light of Fintech competitors and revolutionary technology. East Africa is a hub for such innovations...
Tanzania Plans To Set Wall Between Money Transfer and Mobile Phone Services
Tanzania plans to issue separate licences to mobile phone companies running money transfer services in a move to secure customers’ interests. The unbundling of mobile money from telephone companies...
Six Gov’t Programmes Use E-Zwich As Mode of Payments
Some six different government social interventions and programmes have adopted e-zwich as the mode of paying beneficiaries as of June this year. This is to promote transparency and ensure that only...
Less Hustle In 2nd Quarter Interest Payment – Telcos
Telecom operators have told Citi Business News there have been less challenges with the payment of second quarter interests on mobile money accounts. The second tranche of interest payments, begun on...
Mahama Promises Free WASSCE Registration
Ghana’s president is promising to absorb the West African Senior Secondary Certificate Examination registration fees for all Ghanaian students in his second term. Giving highlights of the 2016...
Cashless Transactions With Government Agencies By 2021
President John Mahama has projected that the height of cashless transactions with government institutions will be achieved by 2021 . Delivering highlights of the ruling National Democratic Congress,...