The service is a secured online collection platform which enables merchants to accept payments on a real-time basis.

wpid-Zenith20Bank20Logo.jpgMr Henry Oroh, the Acting Managing Director of Zenith Bank Ghana Limited, said the service was designed for both merchants with existing websites and those without.

He said the platform served as a link between the bank, merchants and card holders as well as payment networks such as MasterCard and Visa and very soon E-zwich cards.

Mr Oroh said merchants with websites, could easily integrate their application programme interface with the GlobalPay to enable customers have access to their online store.

He said the ‘storefront’ had been made for merchants who wished to utilise the product but did not have a website and technical capability to use the interface.

“The bank will be responsible for creating an online store for them to list their products on the GlobalPay platform where customers can make purchases with their cards,” he said.

Mr Oroh said this meant that MasterCard and Visa card holders could conveniently shop from the comfort of their offices or homes on the website of any merchant who used the technology powered by the bank.

He said customers of merchants could, therefore, make direct payment with their cards from the merchant’s websites.

Mr Oroh said corporate institutions and individuals who signed up for the product could be assured of secured transaction, real time payment, global reach and increased business channels among other things.

He said with GlobalPay the bank was poised to break boundaries in the e-commerce market place and live up to their reputation of being the best e-commerce bank at the 2015 Global Banking and Finance Awards.

He said the bank would continue to develop and enhance those products and services to satisfy the ever changing and growing needs of today’s customers bearing in mind the technologically driven world.

Dr Setor Amedeku, the Director of Payment Services, Bank of Ghana, commended the bank for their efforts to complement government’s agenda for a cashless economy.

He said the launch of the product had come at the right time that the Central Bank was promoting financial inclusion.

He said the cost of printing currency would come down when banks developed services to enhance and promote the agenda of a cashless economy.

By Morkporkpor Anku, GNA

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