The Bank of Ghana (BoG) has established a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda.
The emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively.
In a statement on Tuesday, the BoG said “The new FinTech and Innovation Office will be responsible for licensing and oversight of dedicated electronic money issuers (mobile money operators), payment service providers (PSPs), closed loop payment products, payment support solutions and other emerging forms of payment delivered by non-bank entities.”
The office will also develop policies to promote FinTech, innovation and interoperability in Ghana.
Latest Stories
-
Trinity Oil MD Gabriel Kumi elected Board Chairman of Chamber of Oil Marketing Companies
13 minutes -
ORAL campaign key to NDC’s election victory – North America Dema Naa
31 minutes -
US Supreme Court to hear TikTok challenge to potential ban
37 minutes -
Amazon faces US strike threat ahead of Christmas
1 hour -
Jaguar Land Rover electric car whistleblower sacked
1 hour -
US makes third interest rate cut despite inflation risk
1 hour -
Fish processors call for intervention against illegal trawling activities
2 hours -
Ghana will take time to recover – Akorfa Edjeani
2 hours -
Boakye Agyarko urges reforms to revitalise NPP after election defeat
2 hours -
Finance Minister skips mini-budget presentation for third time
2 hours -
‘ORAL’ team to work gratis – Ablakwa
3 hours -
Affirmative Action Coalition condemns lack of gender quotas in Transition, anti-corruption teams
3 hours -
December 7 election was a battle for the ‘soul of Ghana’ against NPP – Fifi Kwetey
3 hours -
Social media buzzing ahead of Black Sherif’s ‘Zaama Disco’ on December 21
3 hours -
Afenyo-Markin still suffering from the massive defeat – Fifi Kwetey
3 hours