Chief Executive of the Ghana Interbank Payment and Settlement System, Archie Hesse, has disclosed that the GhQR code payment service was launched to replace the more expensive payment systems found in shopping centres across the country.
The GhQR code payment is a contactless mode of payment which involves the scanning of a QR code and an endorsement on any mobile device to pay for goods and services.
Its alternative is the USSD codes that was launched for persons without smartphones.
In a media engagement following the first of a series of activation programmes at major shopping malls in Accra and Kumasi, the CEO of GhIPSS, Archie Hesse, said the system is intended to make payment for goods and services easier, cheaper and more convenient.
“You know there are PoS devices which are expensive and only found in most high earn shops and supermarkets in Ghana, but that is not where the ordinary Ghanaian shops. We normally buy our things at Agbogbloshie and other such markets, that is why we designed the GHQR code which replaces the PoS devices. The QR codes cost next to nothing to print and display in shops or online, and that makes it very cost-effective”.