Help Secure POS Devices For Clients – GhIPSS Urges Banks

POS terminalThe Chief Executive Officer of Ghana Interbank Payment Systems (GhIPSS) Archie Hesse, has urged banks to complement the ongoing rollout of hybrid Point of Sale (POS) terminals, by procuring some for their clients who own shops.

This he noted would enable the banks to deepen their relationship with their clients while contributing to the effort to reduce cash transactions.

Access Bank has taken the lead by devising a plan to support its clients to have POS terminals at their shops.

The bank also rolled out a programme to deploy POS terminals for their clients, so they can accept payments via ATM cards.

Speaking in an interview, Mr. Hesse described the move by Access Bank as highly commendable and encouraged shop owners and other merchants to take advantage of the Access Bank POS offer and have the terminals installed at their outlets.

The hybrid POS terminals accept both local ATM cards as well as e-zwich cards. This means that any shopping outlets, restaurants, hotels or service provider who has the POS terminal stands a better chance of higher sales, because their customers would not be limited to the cash on them but can shop off their cards, so long as they have enough money in their bank account.

GhIPSS has so far rolled out about 200 POS terminals at different outlets including shopping centres, pharmacies, restaurants, beauty parlours and hotels while more are being deployed.

Mr. Hesse said the role of banks in rolling out a lot more POS terminals was very important.

He therefore urged the banks to actively engage their clientele and support them with the POS terminals.

He indicated that the banks can develop various schemes under which these POS terminals could be made available to their clients.

He mentioned that it could be an outright sale to the clients, or giving it out on credit.

He also said the POS terminal could be owned by the bank rented to the client.

Mr. Hesse therefore urged the banks to consider the various options and settle on the best for their various clients.

Commenting further on the role of the banks, Mr. Hesse said the provision of POS terminals was an important tool that banks can use to delight their customers.

He said since electronic payment is going to be the order of the day, the earlier the banks supported their clients with the POS terminals the better, adding that banks might lose their clients to other banks, which are aggressively securing POS terminals for merchants.

Mr. Hesse said GhIPSS would continue to work closely with banks to ensure that the market was saturated with POS terminals.



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