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India And Ghana To Launch Mobile Payments System Within 6 Months
The Business Guardian
|May 07, 2024
In a landmark move aimed at fostering closer economic ties, India and Ghana have agreed to expedite the process of linking their respective payment systems.
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The agreement, reached during a Joint Trade Committee (JTC) meeting held in Accra from May 2-3, signifies a significant step forward in facilitating seamless financial transactions between the two nations.
The primary focus of the discussions centered around integrating India’s Unified Payment Interface (UPI) with Ghana’s Interbank Payment and Settlement Systems (GHIPSS) within a timeframe of six months. Once implemented, this linkage will enable users in both countries to conduct instant fund transfers, thereby enhancing convenience and efficiency in cross-border transactions.
India’s push for UPI integration extends beyond Ghana, with similar arrangements already in place with countries such as France, UAE, Sri Lanka, and Mauritius. This strategic expansion underscores India’s commitment to leveraging its advanced payment infrastructure to facilitate international trade and financial interactions.
Denne historien er fra May 07, 2024-utgaven av The Business Guardian.
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