Business News of Monday, 27 January 2020Source: www.ghanaweb.comGhIPSS to introduce QR code in March to accelerate electronic transactionsArchie Hesse, Chief Executive of GhIPSSThe Ghana Interbank Payments and Settlements System (GhIPSS) says it will in March this year roll out the Universal QR (Quick Response) code for Ghana with an aim to accelerate electronic payment transactions. According to Chief Executive of GhIPSS, Archie Hesse, explained that the QR code solution will enable merchants to receive payment from various consumer funding sources on any platform. “This Universal QR code system will not be restricted to a particular financial institution or technology partner but this QR code system can be used by all. According to him, the Universal QR Code when launched, will allow businesses and traders to do away with Point of Sale (PoS) devices to make electronic transactions. “Next month, Ghana will launch the Universal QR Code which will just leverage on the technology that we have built for electronic payments.

Source: GhanaWeb January 27, 2020 10:30 UTC