Ghana to launch universal QR code payment system in March 2020

Vice President of the Republic of Ghana, Dr Mahamadu Bawumia has revealed that Ghana is set to launch the Universal QR Code payment system in March this year, to reduce the handling of more cash in trade transactions.

According to the Vice President of the Republic of Ghana, Dr Mahamadu Bawumia, Ghana will soon launch the Universal QR Code payment system next month in a bid to make Ghana cashless.

The Vice President revealed this at the Government’s first-ever Town Hall Meeting which took place at the Kwame Nkrumah University of Science and Technology (KNUST), Kumasi in the Ashanti region

He said: “Thanks to the Bank of Ghana, next month in March, Ghana will launch what we call, the Universal QR code payment system to make it possible for all retailers including the people who sell Kofi Brokeman and Waakye on the streets to receive payment from their customers directly on their mobile phones. Directly, without a point of sale device being necessary. This is a major transformation”

Dr Bawumia emphasised that Ghana must take further advantage of the benefits of technology and digitisation in reaching for a major frontier of financial inclusion.

According to Dr Bawumia, Ghana will be the first country in Africa to develop and use the Universal QR Code payment system.

The Town Hall Meeting with the theme ‘Demonstrating Fulfillment of Our Promises’ outlined the Government’s achievements in three (3) years with a lot of focus on how the government is digitising the country.

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