GCB launches card payment product
The Ghana Commercial Bank (GCB) has launched a new product as part of the bank’s effort to ensure a cashless banking regime in the country.
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The innovative product, dubbed, “GCB Litepay”, is a card payment solution that combines certified card reader and payment applications on a smartphone for transactions.
The product accepts cards such as GCB ready cash, Gh-link, Master and Visa cards and is available for both GCB customers and non-customers.
Launch
At the programme launch in Accra, the acting Managing Director of GCB, Mr Samuel Sarpong, said the product formed part of the bank’s initiative to leverage “the growing digital lifestyle and the proliferation of smartphones.”
“Not only is the product intended to facilitate faster service delivery and reduce the high dependence on cash, but also gives merchants control over their receipts,” he indicated.
Present at the launch were the former Governor of the Central Bank, Dr Henry Kofi Wampah; the Managing Director of the Graphic Communications Group Limited (GCGL), Mr Kenneth Asigbey, among other dignitaries.
Value
The Board Chairman of GCB, Mr Daniel Owiredu, who launched the product, said it would create value for both shareholders and stakeholders.
“We expect that this product will make payment easy for taxi drivers, food delivery services, mobile vendors, and other operators,” he said.
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The Head of Consumer Banking, Mrs Doris Wunu, said the initiative would also enhance the resolution of customer complaints.
“It will facilitate remote monitoring and control of the activities of business transactions through dedicated web portals,” she said.