Ghana Card Set to Revolutionize Payments and Spur Gold Trading in Ghana
The National Identification Authority (NIA) in Ghana is poised to introduce an e-wallet feature on the Ghana Card in the coming months, representing a significant leap in the country’s digital financial landscape. This initiative will transform the card from a simple identification tool into a versatile instrument for financial transactions, potentially streamlining payments and enhancing economic activity across various sectors. This technological advancement aligns with the broader African trend of embracing digital solutions to drive economic growth.
Expanding Financial Inclusion and Streamlining Transactions
The e-wallet functionality will allow Ghanaians to load funds onto their Ghana Card and use it for both online and offline payments, making it a digital payment method that can compete with other e-wallets. According to Yayra Korku Deku, the Executive Secretary of the NIA, the Ghana Card will operate much like a standard electronic wallet. The initiative will provide access to financial services for people with or without bank accounts and it will generate considerable income for the NIA while also strengthening its operational capacity. This expansion is expected to have a significant impact on digital payments throughout the nation. This strategic move is designed to simplify transactions and boost financial inclusion, providing a secure and accessible digital payment option for all citizens.
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