Ghana speeds up EMV migration with PURE payment technology
January 16, 2018
Offering secure and independent domestic payment scheme to 41 Ghanaian financial institutions
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is providing its PURE white-label payment solution to GhIPSS (Ghana Interbank Payment and Settlement Systems), a subsidiary of Ghana’s central bank that manages the country’s interbank payment processing system. Gemalto’s technology and consultancy will help speed up Ghana’s migration to the enhanced security of EMV transactions, and enable GhIPSS to offer its 41 member institutions comprehensive support for the introduction of domestic branded EMV cards.
The PURE technology solution provides GhIPSS full control and independence over the creation and operation of a new domestic chip-based payment eco-system. The PURE EMV white label offer gives private label issuers or domestic schemes the ability to issue payment cards with total independence from other payment card associations. Full interoperability will be established between all of Ghana’s stakeholders, including banks, merchants and end users. Furthermore, Gemalto and GhIPSS have defined together the domestic issuance and acceptance specifications that will greatly simplify the adoption of the new domestic chip card by the Ghanaian banking community. For end users, the PURE-based solution will ensure that all bank cards can be used at ATMs and POS terminals throughout Ghana, backed by the proven fraud protection of global payment standards.
“Gemalto is the preferred company to deliver a one-stop shop framework for our domestic EMV payment eco-system,” said Archie Hesse CEO of GhIPSS. “In addition to reducing fraud, PURE gives us greater flexibility as we strive to modernize Ghana’s banking and payments sector.”
“This project offers Ghanaian banks greater flexibility with their EMV migration strategies,” said Nassir Ghrous, Senior Vice President Banking and Payment for the CISMEA region at Gemalto. “GhIPSS will benefit from the scalability of PURE, which enables the use of contact and contactless cards as well as mobile payments, along with the accumulated experience of close to 60 issuers using PURE payment card worldwide.”
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.
From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.
Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.
Nkemnji Global Tech
Pan African Visions | October 20, 2020 12:08 am
Pan African Visions | October 19, 2020 6:24 pm
Pan African Visions | October 19, 2020 6:05 pm
Pan African Visions | October 19, 2020 3:41 pm
October 20, 2020 12:08 am
October 19, 2020 6:24 pm
October 19, 2020 6:05 pm
Bank technologies for African agricultural transformation training in Ghana is raising farmer agricultural ambition
October 19, 2020 5:10 pm
Zimbabwe’s energy ministry plans to intensify citizen awareness on energy management for a virtual power station
October 19, 2020 4:44 pm