Tertiary institutions in the country account for 34 percent of the volume of transactions on e-zwich Automated Teller Machines. That is according to new statistics released by the Ghana Interbank Payment and Settlement System (GhIPSS).
The figures also show the campuses account for 25% of the value of transactions on the ATMs across the country.
The e-zwich ATMs are currently installed on four campuses; the University of Ghana, the Institute of Professional Studies (IPS), the University of Cape Coast and the Kwame Nkrumah University of Science and Technology (KNUST).
Over the past month, the KNUST recorded the highest level of activity with close to 1, 200 transactions whilst IPS recorded the highest value of close to 26,000 Ghana cedis.
The e-zwich ATMs are used largely to load funds on the electronic payment cards and to receive money transferred to them.
Officials of GhIPSS are impressed with the level of activity on the campuses.
General Manager in charge of Project and Business Development, Archie Hesse says other tertiary campuses will soon have the ATMs to benefit from the biometric smart card.
He commended the banks for their role in the deployment of the e-zwich ATMs, stating that “GhIPSS is aware of the fact that the use of the electronic card implies a fundamental change and it is therefore adopting the best strategy with sufficient patience to ensure high patronage of the payment system”.
Story by Kofi Adu Domfeh
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Damongo: NDC youth allegedly shuts down community mechanised borehole
35 minutes -
Mahama vows to uncap NHIS levy in upcoming budget
36 minutes -
‘God is telling you to lead through difficult times’, says Rev. Wengam to Mahama
38 minutes -
Appiah-Kubi calls on Mahama to review 60-Minister pledge if governance requires
39 minutes -
Aklerh makes a ‘Mash Up’ move
48 minutes -
No business as usual – Mahama warns appointees
55 minutes -
Mr P.O.P: Message from the Morning Man by Kojo Yankson
57 minutes -
True peace stems from justice, not the lack of conflict – Duncan-Williams
58 minutes -
One dead, student rider injured in a crash at Assin Andoe
59 minutes -
Have a long term plan and financial solution for Ghana’s energy sector to permanently get rid of “dumsor”.
1 hour -
Ghana to commission first NuScale small modular reactor simulator training centre in Africa
1 hour -
FirstBank celebrates year-end thanksgiving service at Victory Bible Church
1 hour -
FirstBank’s 2024 Graduate Trainees give back to the community: A day of learning and sharing at Mount Zion Presby Model Primary School
1 hour -
Fire destroys hundreds of shops in Techiman Central Market, traders left in despair
2 hours -
Apple board pushes against diversity rollback call
2 hours