Ghana’s direct bank-to-any-account contactless payment service – myGhQR.com – has been officially launched by leading payments service provider Hubtel, in collaboration with Ghana Interbank Payments and Settlement Systems (GhIPPS).
myGhQR.com is the country’s first-ever self-service portal to enable direct bank-to-bank transfers. The service eliminates the need of paying in cheques or using a POS card machine or displaying your bank account details in order to receive payments into a bank account.
To receive payment, businesses and individuals simply need to generate a GHQR code on www.myGHQR.com, display it at a point of payment and get paid instantly when anyone scans it.
The service allows all users – businesses, small merchants and mobile money users – to receive payments from bank customers who have GHQR on their bank app.
The introduction of myGhQR.com follows efforts to make Ghana’s Universal Quick Response (QR) camera scan and pay service one of the regular modes of payment which are easily accessible to customers and business outlets of any size.
The GHQR payment gateway was launched in March 2020 by Vice President Mahamudu Bawumia to add onto Ghana’s existing electronic payment channels as part of the larger cash-lite agenda.
Since its launch, several banks have rolled out GHQR in their smartphone apps: including Ecobank, GCB Bank, Fidelity Bank, CalBank and GT Bank. Customers who use these bank apps can simply scan a GHQR code to pay an associated business or merchant.
Hubtel’s Head of Products, Patrick Asare-Frimpong, speaking at the press launch emphasised the value myGhQR.com presents. “For the first time, we have a self-service portal that enables businesses and mobile money users of all kinds to generate a unique GHQR Code, link it to your account and receive payments instantly from GHQR users. You can pay anyone with a bank account by simply scanning a QR code from your bank’s app. This is simply a game-changer”.
Generating a QR code is free, he noted, adding: “This makes it very convenient for anyone to generate a GHQR code. Businesses, everyday service providers among others can create their own unique QR codes to receive payments into their bank accounts by visiting www.myGHQR.com”.
The introduction of myGHQR.com will further allow anyone with a bank account or mobile money to easily generate, print and display their own GHQR on any material to receive instant payment – at standard industry fees of 1 percent and capped at GH¢10 for the highest transaction values.