Hubtel in collaboration with Ghana Interbank Payments and Settlement Systems (GhIPPS) has finally launched its new digital payments service myGhQR.com, to improve the contactless direct bank-to-bank transfers.
According to Hubtel, GHQR App “will allow users to make and receive payments from any bank app into their bank accounts directly via a GhQR Code. The service is designed to make all bank payments simple and interoperable without any physical contact.”
GhQR is Ghana’s National Quick Response (QR) camera scan & pay service available on smartphone applications of all licensed commercial banks and financial technology providers.
myGhQR.com is Ghana’s first-ever self-service portal to enable direct bank-to-bank transfers. The service eliminates the need of paying in cheques or using POS card machine or displaying your bank account details in order to receive payments into your bank account.
This contactless payment process allows the buyer or the one making the payment to scan the GhQR Code on the device of the seller or receiver and follow the prompts to make payment.
The GHQR payment gateway was launched in March 2020 by the Vice President Mahamudu Bawumia to add up to Ghana’s existing electronic payment channels as part of the larger cash-lite agenda.
Currently, the GhQR Code works perfectly with apps like the Hubtel App, as well as with Fidelity Bank, GCB Bank, Cal Bank, Ecobank and GTBank Apps.
What is GHQR
GHQR is Ghana’s national Quick Response (QR) camera scan & pay service available on smartphone applications of all licensed commercial banks and financial technology providers. Customers that use these apps can simply scan a GHQR code to pay an associated business or person.
You can generate your GHQR by linking it to your bank account as well as to any mobile money wallet.
Furthermore, you can also print your GHQR and display it however you like in your shop or attach it to your invoices.
Charges for GHQR Transactions
All payments you receive shall be credited immediately to your linked bank account less the transaction fees shown here.
| Amount to receive | Fee |
|---|---|
| 0.01 to 1.00 | 0.01 |
| 1.01 to 50.00 | 0.05 |
| 50.01 to 1,000.00 | 1% |
| 1,000.01 and above | 10 |