THE Deputy Managing Director of the National Investment Bank (NIB), Mr K. Owusu-Tweneboa, has said the introduction of the e-zwich banking in the country will strengthen the economic base of the country.
Mr Owusu-Tweneboa, who said this at the launch of the bank’s e-zwich programme for traders in Accra, pointed out that since the e-zwich could be operated off-line, it was suited for both the urban and rural areas.
He said the spate of armed robberies on the roads, where traders were subjected to harassment and their moneys taken away would be a thing of the past.
He said the facility was another way for traders without bank accounts to have an e-zwich card, without having to visit the banks to make deposits or withdraw cash.
He said the card had no limit on the amount a trader would like to load.
Mr Owusu-Tweneboa said because of the biometrics features of the e-zwich system, fraud, impersonation had been eliminated to ensure that apart from the card holder, nobody else could use it.
He said the e-zwich had a disaster recovery system so that in case losing the card a new one could be issued.
Mr Mark Boateng, a representative of the Ghana Interbank Payment and Settlement System (GHIPS), said banking charges had been suspended so that more traders would be encouraged to patronise the system.
No comments:
Post a Comment