FNB introduces Geo Payment system in Ghana

Thursday 5 October 2017 00:27 CET | News

The First National Bank has introduced a new payment system that allows customers to transfer money to one another within the same geographical location.

Geo Payment is an electronic payment that allows a seamless transfer of money using mobile phones, without having to add the bank details of the recipient.

The Bank said the new payment system authenticated by means of the banking application’s existing programming interface.

A transaction occurs when both the sender and the receiver switch on the location button on their phones to identify one another. The sender or receiver will not pay any commission for the transaction and it works within a 5km radius.

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Keywords: FNB, Geo Payment, payments, Ghana, money transfer
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce