Paying electricity bills has become more convenient with the introduction of the ECG bill payment feature on the GhanaPay mobile money platform.
GhanaPay users can now settle Postpaid Electricity bills and purchase Prepaid Electricity seamlessly with this addition, which is part of GhanaPay’s ongoing efforts to enhance its range of services, making financial management easier for customers nationwide.
GhanaPay, a collaborative mobile money service offered by banks, savings and loans companies, and rural and community banks, is managed in partnership with the Ghana Interbank Payment and Settlement System (GhIPSS).
By integrating mobile money and banking services into a single platform, GhanaPay offers users a streamlined and efficient way to handle their finances.
Samuel Darko, Head of GhanaPay at GhIPSS, says the platform will continue to evolve with more features to improve user experience.
Currently, GhanaPay supports a variety of functionalities, including standing instructions (standing orders) for automated payments. This feature allows customers to schedule recurring payments directly to all mobile money wallets or bank accounts, simplifying the management of regular bills and expenses.
Beyond ECG bill payments, GhanaPay offers up to 5% interest on savings, payment of Enterprise Insurance premiums, a crowdfunding feature for raising funds for various projects, and the ability to purchase airtime and data for all networks (MTN, Telecel and AT).
These offerings provide users with greater flexibility in managing their financial and digital needs.
The Sponsored Wallet service, allows users to allocate funds from their GhanaPay wallet to other GhanaPay users. Beneficiaries can spend the allocated funds directly without requiring a transfer. Sponsors can set daily or monthly spending limits, determine the duration of the sponsorship, and remove beneficiaries at any time, offering unparalleled control and flexibility.
The integration of ECG bill payments underscores GhanaPay’s commitment to simplifying everyday transactions for Ghanaians.
By enabling digital payments for essential services, GhanaPay aligns with Ghana’s broader goal of creating a cash-lite society.
Data from the Bank of Ghana highlights a growing trend in electronic transactions, and GhanaPay is playing a key role in reducing reliance on cash and promoting digital financial inclusion.
Mr. Darko further emphasised that other enhancements are in the pipeline to expand GhanaPay’s functionality and make it even more useful for everyday financial management.
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