Visa, Banks Introduce Mobile Payments

Kemi Okusanya, Group Country Manager, Visa West Africa; Dr Settor Amediku, Bank of Ghana; Adoma Peprah, Country Manager, Visa Ghana; Kwame, Zenith Bank; Martha Acquaye, CAL Bank at the launch

Visa, the world’s leader in digital payments, in partnership with leading Ghanaian banks, has announced the launch of Visa on mobile, its innovative mobile payment service in Ghana.

From today, the partnership commences with four Ghanaian banks that have either enabled Visa on mobile on their mobile banking applications and/or have acquired merchants to be able to accept the service.

CAL Bank and Zenith Bank customers will access the service via their banking application.

Ecobank customers have the USSD and banking application option while GTBank customers will access via USSD.

Merchants aggregated through Expresspay will also accept Visa on mobile.

Visa on mobile is an easy and secure payments solution for Ghanaian customers.

It allows customers to directly access funds in their bank accounts to pay merchants (person-to-merchant or P2M) or individuals (person-to-person or P2P).

The payment goes straight from the consumer’s bank account into the merchant’s account and provides real-time notification to both parties at no cost.

The introduction of this solution reduces cost and friction for accepting electronic payments, as these mobile transactions are processed with the same scale, security and reliability as any other Visa transaction.

Oluwakemi Okusanya, Group Country Manager for Visa West Africa said, “Visa and its financial institution partners are providing the benefits of digital commerce to potentially everyone, everywhere across Ghana and the African continent, bringing more people into the formal financial system. More and more small and medium scale merchants come on board every day, as they begin to understand the benefits that Visa on mobile brings, including real-time notifications of payments entering their bank account and access to sales and transactions history.”

Adoma Peprah, Country Manager for Visa Ghana said, “According to the Global Findex report, Ghana is among the most successful and fastest growing mobile money markets in Sub-Saharan Africa. In four years, mobile money penetration rose from 13 percent to 39 percent. The launch of Visa on mobile is significant to the expansion of an already vibrant mobile payment ecosystem, as it’s accepted at thousands of locations across the country, with plans to have more banks and merchants join the network over the next few months.

“We have communications campaigns lined up for the coming months to support our bank partners, merchants and educate customers on Visa on mobile at various locations across Ghana Visa on mobile is now live in Ghana, Nigeria, Kenya, India, Rwanda and Egypt with plans to launch in other African countries underway.”

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