Business News of Wednesday, 22 May 2019Source: ghananewsagency.orgGhIPSS suggests use of Direct Debit to collect fundsChief Executive Officer of GhIPSS, Archie HesseOrganisations or service providers who collect funds from customers regularly have been urged to explore Direct Debit to ensure that they have a more efficient way of collecting payments due them from customers. But these challenges can be avoided when the Direct Debit is used, experts have noted. Mr Hesse said Direct Debit had been very successful in many advanced countries as the preferred form of payment for recurring bills. Probably, the biggest challenge to Direct Debit is customers keeping enough money in their account to meet their Direct Debit obligations. Ghana has had the Direct Debit for some years now and it was introduced to provide alternative channels for making payments, especially recurring ones.

Source: GhanaWeb May 22, 2019 08:41 UTC