Ghanaians in the United Kingdom can now send their remittances to families and friends in Ghana directly onto their e-zwich cards.
This follows the official launch by international money transfer company, Unity Link and the Ghana Interbank Payment and Settlement System, GhIPSS.
Mr. Gabriel Ruhan, Chief Executive Officer of EDAPT who announced this in Accra yesterday said this would allow Ghanaians to receive remittances abroad directly on their e-zwich card for any transaction.
Speaking at the opening of the maiden conference on biometric smart card in Accra yesterday he said statistics had shown that 26.5 per cent receives remittances from abroad annually adding that the company intends to include other value-added services to customers using the e-zwich to receive remittances.
The conference jointly organised by EDAPT and Ghana Interbank Payment and GhIPSS dubbed ‘EDAPT User Group 2016’ discussed biometric payment technology and its benefits.
EDAPT evolved from Net 1, and is a leading provider of payment solutions and transaction processing services in a number of emerging economies.
The company has been working with GhIPSS on a number of payment system projects.
Throwing more light on the Unity Link remittances Mr. Archie Hesse, Chief Executive Officer, Ghana Interbank Payment and Settlement Systems (GhIPSS) said the move was an expansion of the frontiers of the use of e-zwich cards, as it provided a guarantee to both senders and holders of the card that the money would reach the intended target because of the unique biometric features on the card.
Besides, he said it removes the uncertainty of relying on friends and relatives to send money back home.
Mr. Hesse said, the beneficiary could access the money at any bank or at shops with point of sales devices just moments after the transfer had been concluded.
He said there were plans to extend the service to Germany and Holland, where Unity Link operates other subsidiaries.
On the conference Mr. Hesse said it was necessary for the country to hold discussions on how to further transform its payment systems.
“This conference would discuss issues relevant to the transformational agenda,” he said.
Some of the topics to be discussed include biometric and EMV integration, innovations, data and payments as well as the future of plastics in the banking industry.
He said from a humble beginning GhIPPS can now boast of about 2.5 million Ghanaians using the e-zwich platform.
He said the government can further make significant gains in its quest to save cost if it uses the e-zwich platform to pay workers on its payroll.
The e-zwich has witnessed increased usage, following government’s decision to use it to pay National Service personnel, beneficiaries of the Livelihood Empowerment Against Poverty (LEAP), School Feeding caterers and student loans among others.
He said the biometric features of the e-zwich card make it impossible for multiple payments of salaries and people who do not exist cannot cash monies paid them, since a live finger is required to access monies paid onto the e-zwich card.
He said the effort to migrate Ghana unto an electronic payment regime was on course and urged players in the financial sector as well as businesses to recognise that the future for payment is electronic and not cash.
By David Adadevoh