{"id":319511,"date":"2017-05-16T06:00:38","date_gmt":"2017-05-16T06:00:38","guid":{"rendered":"http:\/\/citifmonline.com\/?p=319511"},"modified":"2017-05-16T06:00:38","modified_gmt":"2017-05-16T06:00:38","slug":"mobile-money-interoperability-to-take-off-in-november-bawumia","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/mobile-money-interoperability-to-take-off-in-november-bawumia\/","title":{"rendered":"Mobile money interoperability to take off in November \u2013 Bawumia"},"content":{"rendered":"<p>Vice President, Dr. Mahamudu Bawumia has disclosed that government is working to meet its November 2017 timeline for the implementation of mobile money interoperability.<\/p>\n<p>The system when rolled out will allow consumers transfer money across the various networks in the country.<\/p>\n<p>The Ghana Interbank Payment and Settlement Systems (GhIPSS) has since been tasked to provide the platform for the mobile operators.<\/p>\n<p>It followed a <span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/citibusinessnews.com\/index.php\/2017\/02\/03\/sibton-switch-defends-ghc4-6-bn-bog-contract\/\" target=\"_blank\">botched agreement<\/a><\/strong><\/span> with Sibton Switch systems which had quoted 4.6 billion cedis as the cost for carrying out the mandate.<\/p>\n<p>Dr. Bawumia made the disclosure when he addressed the first day of the National Policy Summit on Monday.<\/p>\n<p>\u201cThe President asked me to challenge the industry to make sure that this year, interoperability is achieved. We have challenged them and they have responded very well. In the last meeting we had with them, they showed us a road map and by the grace of God by November this year we will achieve interoperability of the financial sector in this country,\u201d he asserted.<\/p>\n<p>Mobile money interoperability forms part of efforts to drive the government\u2019s financial inclusion agenda.<\/p>\n<p>This is also the third of three pillars that the Vice President believes will drive the NPP\u2019s economic growth agenda.<\/p>\n<p>The two include a robust national database with an effective identification system as well as a national digital address system.<\/p>\n<p>Dr. Bawumia who also heads the government\u2019s economic management team is confident the financial inclusion drive should be achieved with an effective interoperability in the financial space.<\/p>\n<p>\u201cThe third element is in the financial sector the payment system and we want to make sure that there is financial inclusion in this country but the key to that particular but a key to that particular area is to make sure that there is interoperability amongst the systems.\u201d<\/p>\n<p><strong>GhIPSS to provide interoperable plaform<\/strong><\/p>\n<p>The CEO of the Ghana Interbank Payment and Settlement Systems (GhIPSS), Archie Hesse <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/citibusinessnews.com\/index.php\/2017\/04\/12\/ghipss-likely-to-provide-interoperability-for-telcos\/\" target=\"_blank\"><strong>earlier confirmed the contract<\/strong> <\/a><\/span>by government to develop an interoperable platform for telecom operators, to Citi Business News.<\/p>\n<p>This is however subject to the efficacy of GhIPSS\u2019s options to government in operating an interoperable platform for the Mobile Network Operators (MNOs).<\/p>\n<p>\u201cCurrently if you are on MTN mobile money, you can work within the MTN sphere. The role of GhIPSS is to ensure that we have interoperability; so you could have MTN and be able to pay someone on Tigo cash so interconnecting all the platforms and making them platform neutral,\u201d CEO of GhIPSS, Archie Hesse told <strong>Citi Business News<\/strong>.<\/p>\n<p>\u201cWe were given six months so we intend to achieve that target,\u201d he added.<\/p>\n<p>&#8211;<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President, Dr. Mahamudu Bawumia has disclosed that government is working to meet its November 2017 timeline for the implementation of mobile money interoperability. The system when rolled out will allow consumers transfer money across the various networks in the country. The Ghana Interbank Payment and Settlement Systems (GhIPSS) has since been tasked to provide [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,10,718,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mobile money interoperability to take off in November \u2013 Bawumia - Citi 97.3 FM - Relevant Radio. 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