The move will ensure transparency, a proper audit and prevent impersonation.

[contextly_sidebar id=”5Iou4aAsQX8QeaeVkMG9GekExCIlxvmN”]The payment of the allowance to the trainees has been handed over to the Student Loan Trust Fund (SLTF), the body mandated to disburse loans to tertiary students.

The SLTF has been using the e-zwich to disburse students’ loan over the years, and is also using the same system to pay the trainee nursing and teachers allowance.

The use of e-zwich to disburse such funds is also expected to inculcate in the students, the habit of using electronic payment cards and eventually discourage the over reliance on cash for transactions.

Commenting on the development, the Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPSS), Mr. Archie Hesse, commended government for allowing these payments to be made through e-zwich.

He said the move is in furtherance of the cash-lite agenda, and urged the students not to only receive the electronic funds on the card, but to also use the card to make payment and transfer of funds.

The GhIPSS has been setting up agents to offer e-zwich services to complement the financial institutions in order to make the service readily available to the teaming number of people, who now use it. A number of banks’ Automated Teller Machines (ATMs), are also being reconfigured to accept e-zwich cards, just to increase the number of channels through which e-zwich can be accessed.

Mr. Hesse said GhIPSS will continue to work to ensure that e-zwich card holders enjoy smooth service at all times. He explained that there are designated staff, who visit the agents, the financial institutions and the ATMs to ensure efficient delivery of service.

The GhIPSS Boss urged the banks to see the payment of nursing and teacher trainee allowance as an opportunity for them to win over new depositors.

He therefore challenged them to find innovative ways to make the use of e-zwich cards an enjoyable experience that will endear students to the banks.

Currently, student loans, National Service allowance, Youth Employment Agency remunerations and the various government social intervention programmes are carried out through the e-zwich with the nursing and teacher trainee allowance being the latest.

This implies that huge sums of transactions will be done through the e-zwich.

Mr. Hesse also urged shop owners to get hybrid Point of Sales (POS) devices in their shops so that they can also tap into the phenomenal growth that the e-zwich is experiencing.

The hybrid POSes accept both e-zwich and domestic cards.

Mr. Hesse said GhIPSS on its part, will continue to promote the biometric smart card and all other electronic payment channels to ensure that Ghana truly migrates into an electronic payment society.

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Source: GNA

The post Nursing, teacher trainee allowances being paid with e-zwich appeared first on Citi 97.3 FM - Relevant Radio. Always.

The move follows an exponential growth in the use of the biometric card by more than 100 percent in terms of volume and more than 200 per cent by value in the first half of this year compared to the same period last year.

A statement from the Ghana Interbank Payment and Settlement Systems (GhIPSS) said the Chief Executive of GhIPSS Archie Hesse is encouraging enterprises and business minded people to contact GhIPSS if they are interested in serving as e-zwich agents.

He explained that such people would be trained and assisted to set up and provide the range of services.

All the 100 e-zwich agents are private individuals and a few outlets of microfinance institutions, who are offering the range of e-zwich services to complement the banks.

The GhIPSS began the initiative to create the agents less than three months and has steadily increased the number of agents to the current number and are hoping for more.

A team from GhIPSS is in the Western and Central regions to look out for more agents who would soon be set up to provide the service in their respective areas.

The team is expected to visit other regions as well.

The decision by government to use the e-zwich platform to pay beneficiaries of its various social interventions and other projects, together with increased use of the payment system by private sector organisations has led to more people receiving payments on the card.

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Source: GNA

The post Over 100 new agents set up to offer e-zwich services appeared first on Citi 97.3 FM - Relevant Radio. Always.