Pan-African payment brand, Verve International, has partnered with Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) in a strategic move to expand the reach and acceptance of Verve’s EMV cards and payment tokens in Ghana.
Speaking on the partnership in Lagos, the CEO, Verve International, Mike Ogbalu III said: “Verve is committed to Bank of Ghana’s drive to grow secured electronic payments and deepen financial inclusion in Ghana.
“This is in line with Verve’s goal of providing seamless, borderless payment solutions to facilitate intra-Africa trade and financial exchange, in partnership with processors, domestic and regional switches, merchants, merchant aggregators, fintech companies and government institutions. This partnership with GhIPSS is a major leap forward in achieving this goal.”
Also speaking, the CEO, GhIPSS, Archie Hesse, noted that the partnership marks an important first step “in our relations with International Schemes.”
“We share Verve’s vision for intra-African Trade and are happy to be an enabler in that regard. Our role at GhIPSS is to facilitate interconnections that drive frictionless payment experiences for individuals and businesses alike. The partnership with Verve is just the start of many of such collaborations we intend to pursue going forward," Hesse said.
Verve CEO further added that the partnership with GhIPSS is a continuation of Verve’s strategic alliances with key institutions in Africa and around the world to continuously deploy convenient services to its customers and support cashless initiatives across Africa.
He noted that the partnership will allow Verve’s 37million customers use its payment cards and tokens to withdraw cash on ATMs and make purchases on PoS terminals of GhIPSS partner commercial banks, savings and loans institutions, e-zwich agents and merchant aggregators across Ghana.