Hubtel launches myGhQR.com app
Ghana’s leading payment service provider, Hubtel in collaboration with Ghana Interbank Payments and Settlement Systems (GhIPPS) has launched a digital payment service to transform the payments landscape and position Ghana among the top cashless economies in the world.
Known as “myGhQR.com”, the platform serves as Ghana’s first-ever self-service portal which enables direct bank-to-bank transfers instantly.
The service eliminates the need of paying in cheques or using POS card machine or displaying your bank account details in order to receive payments into your bank account.
Speaking at the launch in Accra on Monday, June 14, 2021, Hubtel’s Head of Products, Patrick Asare-Frimpong explained that myGhQR.com adds up to Ghana's existing electronic payment channels as part of the larger cash-lite agenda.
For him, “GhQR is a revolutionary new digital payment service” which is needed at this time to make cash transfers easier for all manner of businesses.
He noted that “to receive payment you simply generate your GHQR code on www.myGHQR.com, display it at your point of payment and get paid instantly into your account when anyone scans to pay you.”
Asare-Frimpong said the service allows anyone (businesses, small merchants and mobile money users) to receive payments from bank customers that have GHQR on their bank app.
According to him, the introduction of myGhQR.com follows efforts to make Ghana’s Universal Quick Response (QR) camera scan and pay service, one of the regular modes of payment that is easily accessible to customers and business outlets of any size.
He explained that since the launch of the GHQR payment gateway in March, 2020 by the Vice President Mahamudu Bawumia to add up to Ghana’s existing electronic payment channels, several banks have rolled out GHQR in their smartphone apps, pointing out that “Customers that use these bank apps can simply scan a GHQR code to pay an associated business or merchant.”
“For the first time, we have a self-service portal that enables businesses and mobile money users of all kinds to generate a unique GHQR Code, link it to your account and receive payments instantly from GHQR users,” Asare-Frimpong noted.
He added, “You can pay anyone with a bank account by simply scanning a QR code from your bank’s app. This is simply a game-changer.”
He explained that “generating a QR code is free” and that makes it very convenient for anyone to generate a GHQR code—businesses, everyday service providers among others can create their own unique QR codes to receive payments into their bank accounts by visiting www.myGHQR.com.
For him, the introduction of myGHQR.com will further allow anyone with a bank account or mobile money to easily generate, print and display their own GHQR on any material to receive instant payment at standard industry fees of 1% capped at GHS 10 for the highest transaction values.