Global digital payments company, Visa has in partnership with leading Ghanaian banks, announced the launch of Visa-on-mobile, its new innovative mobile payment service in Ghana which will enable people get their items effortlessly without stress.
Four leading Ghanaian banks, namely Ecobank, GT Bank, CAL Bank and Zenith Bank have partnered with Visa to unravel their new product and the good news is, CAL Bank and Zenith Bank customers can access the service via their banking application. Ecobank customers also have the USSD and banking application option while GTBank customers can also access via USSD.
Group Country Manager for Visa West Africa, Oluwakemi Okusanya in an announcement said, “Visa and its financial institution partners are providing the benefits of digital commerce to potentially everyone, everywhere across Ghana and the African continent, bringing more people into the formal financial system.”
The introduction of this solution will allow customers to directly access funds in their bank accounts to pay merchants (person-to-merchant or P2M) or individuals (person-to-person or P2P). The payment goes straight from the consumer’s bank account into the merchant’s account and provides real-time notification to both parties at no cost.
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This will also reduce cost and friction for accepting electronic payments as these mobile transactions are processed with the same scale, security and reliability as any other Visa transaction.
Visa-on-mobile is now live in 5 African countries, Ghana, Nigeria, Kenya, Rwanda and Egypt with plans to launch in other African countries underway.