MWC22: Ghana hailed as Mobile Money Interoperability makes country No. 1 in Africa | 3News.com

This was contained in this year’s State of Inclusive Instant Payment in Africa Report put together by AfricaNenda and launched at the ongoing Mobile World Congress Africa 2022 in Kigali, Rwanda.

This year, the report focused on inclusive instant payment systems in 12 Africa countries and Ghana was the only country that scored 100% on access to financial inclusion.

During a panel discussion, he explained how GhIPSS was able to achieve that level of financial inclusion by integrating three instant payment platforms into what he called the “financial inclusion triangle.”

According to him, GhIPSS started by first integrating banks to make them interoperable on the back of the GhIPSS Instant Pay (GIP); then GhIPSS introduced a biometric payment system called e-zwich, which was also made interoperable, before moving on integrate the mobile money operators into an interoperable platform.

“What we then did was to close the triangle by making all the three platforms interoperable to ensure that no matter who is making payment and from wherever, they will be able to do so seamlessly and instantly,” he said.

Archie Hesse said GhIPSS has since improved the services by adding other services like Proxy Pay, Internet Gateway Payment, Request to Pay and the Universal QR Code dubbed GHQR, which can be linked to both bank accounts and digital wallets, with affordability as the key driving force.

Archie Hesse believes that with the introduction of GhanaPay, plus regular public education on the advantages of instant payment, that gap will be close.