PaySwitch hosts Digital Business Summit at Accra Marriott Hotel

PaySwitch to Champion Ghana’s Cashless System

PaySwitch, a local internet things company is to champion Ghana’s cashless-system drive. The company has what it takes to enable a one-stop “transformational financial transaction with speed and efficiency.”

Established in 2015 as a payment aggregator; the company has refocused to expand its scope by positioning itself within a payment processing space.

At the company’s pre-official launch of the digital business summit, under the theme: “A new day; A new way,’ the President of PaySwitch, Nathan Annobi said the company through internet things would play a safer, reliable and trustworthy third-party-processor to both financial institutions and individuals to access their Visa and Master Cards.

When asked, Annobi explained that usually there was a third party processor enabling say, a visa or a master card usage within seconds of transaction process. And that the third party processor was usually serving from outside the country, as a result, the local banks were buying such services at high cost, paying international tax, and often those international companies do not understand the local content, a point, further burdening the banks in need of their service to transport such international processor-company personnel into the country.

He said it was that quest PaySwitch, a local internet things had come to solve, collaborating with the government in its cashless system move.

He mentioned some local banks that were sourcing PaySwitch’s services to include the Agricultural Development bank, (ADB) UniBank, and Adom Savings and Loans.