The Ghana Interbank Payment and Settlement System (GhIPSS) is targeting the commercial transport sector as one of the key pillars to drive patronage for GhQR. The subsidiary of Bank of Ghana hope to engage the various commercial transport service providers, to enable them to set up and offer GhQR on their busses.
GhQR is an electronic payment channel that enables customers to scan displayed QR codes with their smart phones and pay, or dial displayed USSD codes with their phones to make payment. Ghana’s QR code for payment is universal which means that any customer whose bank or payment service provider offers the service can use it wherever it is displayed.
Customers of the major banks, telcos and other payment service providers can access the service and make payments wherever they find a GhQR code. With the high number of financial institutions and payment service providers going live with the service, the focus now is to ensure that many merchant outlets offer the service.
The Commercial transport sector is seen by GhIPSS as one of the key merchant points, considering the relative ease with which QR codes can be set up in the busses. Passengers boarding, will only need to scan the displayed codes by the driver, to pay and take their seat in the bus. Passengers who do not have smart phones, will dial a code and make payment.
Paying transport fares with GhQR means that less or no cash will be on the driver and passengers will equally have little reason to carry cash. When GhQR becomes the dominant mode of paying transport fares, there would be less motivation for highway robberies, many experts have suggested.
Speaking in an interview, a year after the launch of GhQR, the Chief Executive of GhIPSS, Mr. Archie Hesse said plans were far advanced for the organization to meet the various companies and associations involved in commercial transport services. He explained that since most transport fares are fixed, it will would be easy for just everyone to pay using GhQR. He however added that during their engagement with the key stakeholders, any adjustments that will be required to make the service user friendly for commuters will be made.
A year after its launch, about 42,000 merchants in Accra and Kumasi offer the service, with more expected to be set up as GhIPSS, financial institutions, Fintechs and Telcos intensify public education on GhQR.