Citi Business News has gathered that the Ghana Interbank Payment and Settlement Systems (GhIPSS), may be awarded the contract to develop an interoperable platform for telecom operators in the country. This is however subject to the efficacy of GhIPSS’s options to government in operating an interoperable platform for the Mobile Network Operators (MNOs). The move … Read more
There are indications that the Interoperability for mobile money contract awarded Sibton Switch Systems by the Bank of Ghana is being tempered with and a total cancellation being considered. And should that happen, it will be a clear case of the Bankswitch issue which landed the state in a huge judgement debt in 2007. Insider … Read more
The national switch to facilitate the integration of mobile money payments and other transfers onto a single platform is almost ready for use. This comes just days after Vice President, Dr Mahamoud Bawumia had given end of this year as deadline to make mobile money and other electronic payments interoperable. The state-of-the-art switch located in … Read more
It does look like government has finally taken a decision to have a single platform, otherwise known as national switch to interoperate mobile money payments and other transfers from before the year ends, if latest timelines by Vice President, Dr Mahamudu Bawumia is complied with. “I have, on behalf of Government, today challenged the key … Read more
Government may not be in favour of the current moves underway to enhance interoperability in mobile money transactions across telecommunications networks, according to indications from the Vice President, Dr. Mahamudu Bawumia. A telecommunications company, Sibton Switch Systems, won a controversial bid to oversee this interoperability at a cost of GHc 4.6 billion from the Bank … Read more
Government may not be in favour of the current moves underway to enhance interoperability in mobile money transactions across telecommuncations networks, according to indications from the Vice President, Dr. Mahamudu Bawumia. A telecommunications company, Sibton Switch Systems, won a controversial bid to oversee this interoperability at a cost of GHc 4.6 billion from the Bank of Ghana, the most expensive … Read more
A Digital Services Finance Consultant, Kwame Oppong has described as untrue suggestions that the Bank of Ghana (BOG) is committing an amount of GHC 4.6billion of public funds into the proposed switch to interconnect mobile money transactions. He explained that on the contrary, the said amount is to be provided by the private operator of … Read more
The Bank of Ghana has explained that its recent decision to engage a third-party firm to interconnect mobile money retail payment was taken in the best interest of the economy. The bank said it was informed by the need to ensure that the monetary policy transmission is not impaired in any significant way. Public Affairs … Read more
Telecom operators in the country have raised red flag over moves by the central bank to impose on them a third-party company as intermediary in mobile money transactions across different networks. The opposition by telecom operators follows an award of a 4.6 billion cedi contract to Sibton Switch systems to enhance interoperability in mobile money … Read more
Sibton Switch Systems, the company given the contract to enhance interoperability in mobile money transactions across telecom networks by the Bank of Ghana, has justified the GHc 4.6 billion cost of the project. It has been discovered that the company’s GHc 4.6 billion price tag was the most expensive among the companies that bid for … Read more