Visa International to put up ATM centes in Ghana banks

The march to a cashless society in Ghana has been boosted by the putting up of a common Automated Teller Machine (ATM) platform for five major banks in the country. VISA International, the world acclaimed credit card manufacturer, has invested over $250,000 into the VISA National Net Settlement Service (VNNSS) Automated Teller Machine (ATM) common platform for five commercial banks in Ghana. The service, which will soon be unveiled, would ensure that domestic transactions are settled in local currencies among banks.Five banks are being powered by Visa International, thus providing customers with access to 84 ATMs and 442 point of sale terminals across the country. Mr. Coffie, who is also the card officer of ECOBANK, revealed that plans are under way to bring the other commercial banks in the country into the fold.He noted that it would be more interesting if MONDEX, a platform being run by the Ghana Commercial Bank and the Agriculture Development Bank, would join this service to make it truly Ghanaian. He called on banks and all other companies to 'collaborate to compete', as this would cut down on cost.He however cautioned Visa International to put appropriate Anti-Fraud mechanisms in place, to prevent breaches and hacking. More

User comments

 Printable version