Monday, January 19

Tag: Payment System Interoperability

Payment systems interoperability promotes efficiency, improved access to financial services-BOG  
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Payment systems interoperability promotes efficiency, improved access to financial services-BOG  

Dr Zakari Mumuni, First Deputy Governor, Bank of Ghana, says empirical research and lived experience have proven that payment systems interoperability promotes efficiency, convenience and improved access to financial services.   He said, however, alongside these gains were a set of concerns that called for collective attention.   Dr Mumuni was speaking at the stakeholder workshop on the draft National Payment Systems Strategy (2025–2029).   He said the emergence of dominant digital platforms raised important questions about market competition, inclusiveness, financial stability, and resilience of payment systems.   The First Deputy Governor said over the past five years, under the National Payment Systems Strategy (2019–2024), Ghana had made remarkable progress i...
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