What Is GhQR by Ghana Interbank Payment and Settlement Systems Limited (GhIPSS)

NewsBitGh — Mon, 24 Oct 2022 13:11:37 +0000

GhQR is a new and easy way to make payments in ghana implemented by the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) which is a wholly-owned subsidiary of the Bank of Ghana.

GhIPSS was incorporated in May 2007 with a mandate to implement and manage interoperable payment system infrastructures for banks and non bank financial institutions in Ghana.

What To Know About GhQR

1. What Is GhQR?

GhQR is a new and easy way to make payments to a merchant/receive payments by displaying a QR Code and a Merchant ID in your shop as a merchant and by scanning a QR Code displayed by the merchant with your mobile phone to make instant payment via bank or money wallet. The merchant gets the money instantly, just like paying with cash.

2. Why is GhQR referred to as a Universal QR Code?

GhQR is universal because, with a single QR Code image displayed in their shop, a merchant can receive payments from customers with bank accounts, wallet accounts or card accounts from different banks and payment service providers across the country.

3. How do I sign up for GhQR work?

Customers who wish to sign up for this service need to visit their Payment Services Provider e.g. banks

4 How can I make a payment with GhQR?

There are two ways by which you can make payments with GhQR at merchant location. Scan to Pay or Dial to Pay.

Using Smart Phone (Scan to Pay):
Log into your Mobile App and follow the prompt (instructions) to pay
Using a feature phone ( Dial to Pay):

Dial the USSD code (e.g. *123#) of your payment Service Provider and follow the prompt to pay

*Once payment is successful, both the customer and the merchant will receive transaction notifications.

5. Where can I make payments using the GhQR?

Customers can make payment at any merchant location with the GhQR sticker

6. What are the benefits of paying via the GhQR Code?

You can make payments to any merchant irrespective of where they received their GhQR sticker from.
Easy and convenient

7. How much will I pay for using GhQR?

The customer pays no fee for using GhQR

8. Who do I contact for assistance or further Information on the service?

For further information and/or assistance contact your Payment Service Provider

You can also visit the GhIPSS official website for more information about this service. www.ghipss.net

GhIPSS – NewsBitGh