MyGhQR.com Makes Bank-To-Bank Transfers Instant
Ghana’s leading payments service provider, Hubtel has launched its direct bank-to-any-account contactless payment service myGhQR.com today in Accra, in collaboration with the Ghana Interbank Payments and Settlement Systems (GhIPPS).
According to a statement available to BizTech Africa, myGhQR.com is Ghana’s first-ever self-service portal to enable direct bank-to-bank transfers.
It said the service eliminates the need of paying in cheques or using POS card machine or displaying one's bank account details in order to receive payments into a bank account, and to receive payment also users will simply need to generate their GHQR code on www.myGHQR.com, display it at any point of payment and get paid instantly into their accounts.
“The service allows anyone (businesses, small merchants and mobile money users) to receive payments from bank customers that have GHQR on their bank app,” it said.
Emphasizing the value myGhQR.com presents, the Head of Products at Hubtel, Patrick Asare-Frimpong noted in the statement that “For the first time, we have a self-service portal that enables businesses and mobile money users of all kinds to generate a unique GHQR Code, link it to your account, and receive payments instantly from GHQR users. You can pay anyone with a bank account by simply scanning a QR code from your bank’s app. This is simply a game-changer.”
The introduction of myGhQR.com follows efforts to make Ghana’s Universal Quick Response (QR) camera scan & pay service, one of the regular modes of payment that is easily accessible to customers and business outlets of any size. The
GHQR payment gateway was launched in March 2020 by the Vice President Mahamudu Bawumia to add up to Ghana’s existing electronic payment channels as part of the larger cash-lite agenda. Since its launch, several banks have rolled out GHQR in their smartphone apps, including Ecobank, GCB Bank, Fidelity Bank, Calbank, and GT Ban. Customers that use these bank apps can simply scan a GHQR code to pay an associated business or merchant.
Since its launch, several banks have rolled out GHQR in their smartphone apps, including Ecobank, GCB Bank, Fidelity Bank, Calbank and GT Bank. Customers that use these bank apps can simply scan a GHQR code to pay an associated business or merchant.
Generating a QR code is free. This makes it very convenient for anyone to generate a GHQR code.
Businesses, everyday service providers among others can create their own unique QR codes to receive payments into their bank accounts by visiting www.myGHQR.com
The introduction of myGHQR.com will further allow anyone with a bank account or mobile money to easily generate, print and display their own GHQR on any material to receive instant payment at standard industry fees of 1% capped at GHS 10 for the highest transactions.