2019: eTranzact fronts Gh-Link Prepaid cards in Ghana to Make Cashless Transactions Easier

  In 2019, eTranzact expanded her horizon to make cashless transactions safe and easy within and outside Ghana. 

According to Dr Valentine Obi, the Founder and Group CEO of eTranzact, Ghana's march toward a cashless economy has been one of the most successful executions in Africa in recent years.

Dr Obi, speaking during the unveiling of the new gh-Link EMV prepaid card in Accra, stated that Ghana has the largest financial inclusion rate in West Africa due to the broad adoption of electronic payment methods such as Mobile Money Services.

Although the Bank of Ghana has provided an appropriate system to foster the majority of Ghanaians to utilize electronic payment systems, he believes that such services must have the interest of all Ghanaians and inexpensive to persuade the majority of Ghanaians to use.

Dr Obi claimed that using cash is the most expensive method of doing business and that the launch of the eTranzact gh-Link card will lower costs and improve efficiency in other financial transactions.

George Babafemi, Executive Director of eTranzact Ghana Limited, had said that the introduction of gh-Link, which is presently Ghana's only approved chip and pin card scheme, is to assist the government's mission to boost the use of local cards for local transactions such as withdrawals from automated teller machines (ATMs) and purchases from point of sale terminals.

Previous to its collaboration with ghIPSS for the introduction of EMV card services, he said, eTranzact had a strong reputation for delivering epayment solutions to large financial institutions such as mobile banking solutions, ATM switching solutions, collection and value-added platforms since it started operating in Ghana in 2005.

Today, Ghana enjoys 100% cashless transactions that are easy and secure. Cashless transactions in Ghana anywhere and any time.










Comments

Post a Comment

Popular posts from this blog

Exclusive Interview of Dr Valentine Obi Explicating The Starting moments of eTranzact and Digital Disruption in Small Businesses & Financial Institution

On the  23rd of November 2018, Dr Valentine Obi the founder of eTranzact global  meticulously explained his journey and the journey of Nigeria's leading payment processing platform, eTranzact. He further elucidated that digital disruption has occurred and will continue to occur in small businesses and Financial Institutions. In his interview, Dr Valentine Obi gives an account of how eTranzact started. He mentioned that the vision was conceived as a result of the challenges people faced in making easy and painless payments. In his account, he explained that the vision was shared to authorities of how he could put a permanent end to people making huge payments by hand and making secure and cost-effective as much as possible. Hence, eTranzact was born. According to him, the vision was earlier rejected because people were very comfortable with hand-to-hand transactions. His pitch received no attention from appropriate government authorities. However, this did not stop him from pursuing
Read more

Business Strategy And Innovation By Dr Valentine Obi

Image
What is Strategy? In very simple terms, it is what's going to make a particular organisation different and provide a competitive advantage. When you ask a company, what does success looks like? The answer that you get is usually, I want to be the best company in my industry. I want to be the best bank, I want to be the best insurance company, I want to be the best IT Service company in this category, the best car company, etc. But in business competition, that's actually not the way to think about success. The reason is that there is no best company. So it's pretty hard to try to do something that's impossible. There is no best car company. There is no best insurance company. It all depends. It all depends, because there's no one way to compete. It is a mistake in strategy formulation, is to think that there's only one way to compete in every industry. There are different ways to compete and it is dependent on what customer and customer needs, you're actuall
Read more

Dr. Obi receives the Lifetime Achievement Award for initiating the field of digital payments.

Image
At the 12th Beacon of ICT Distinguished (BoICT) lecture series and awards, Dr. Valentine Obi, founder XCEL, was honored with the Lifetime Achievement Award for revolutionizing end-to-end card and digital payments. Dr. Obi was recognized for his accomplishments to Nigeria's economy, especially in the area of electronic payments. Generally, the BoICT Lecture series is considered as Nigeria's most prominent yearly event in the ICT sector, is meant to examine attempts to place Nigeria on the world map of information and communications technology. Dr. Obi was honored as a top player for African technology innovation and for creating eTranzact enterprises in Ghana, Cameroon, Nigeria, South Africa, and the United Kingdom at the event. Dr. Obi is an outstanding techy-finance entrepreneur who is the creator and founder of XCEL, UK's newest digital banking platform that makes it easy for users to open a standard UK account. In less than five minutes, customers can open a UK account (
Read more