International confab on biometric payment opens tomorrow

Experts on payment systems from the continent will meet in Accra tomorrow to deliberate on the relevance of the system as Ghana host the first conference on biometric smart card.

The conference jointly being organised by EDAPT and Ghana Interbank Payment and Settlement Systems (GhIPSS) is christened EDAPT User Group 2016, and it will delve into the biometric payment technology and speak to 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.

The Chief Executive Officer of GhIPSS, Mr. Archie Hesse, said in an interview with Times Business said the conference would serve as a platform to exchange ideas on the payment transformation agenda.

He said the effort to migrate Ghana into 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.

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.

Ghana is a pioneer in the deployment of this technology using e-zwich which has tremendously helped deepen financial intermediation particularly in peri-urban and rural communities.

By Times Reporter

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