The Ghana Interbank Payment and Settlement Systems (GhIPSS) has recorded increased patronage of its e-zwich biometric payment card from students in tertiary institutions in Ghana.

GhIPSS reports that tertiary institutions account for 34% of the volume of transactions on e-zwich Automated Teller Machines (ATM), which has so far been installed on only four campuses in the country, including the University of Ghana, the Institute of Professional Studies (IPS),  the University of Cape Coast and the Kwame Nkrumah University of Science and Technology (KNUST).

One ATM has been installed on the Wa Campus of the University of Development Studies and will soon go live.

Over a one-month period, the ATM at KNUST recorded the highest level of activity, with some 1,198 transactions, while the ATM at IPS recorded the highest value of close to GH¢26,000. The e-zwich ATMs are used largely to load funds onto the electronic payment cards and to receive money transferred to card holders.

Officials of GhIPSS are impressed with the level of activity on the campuses.

The General Manager in charge of Project and Business Development, Archie Hesse, assured that other tertiary campuses will soon have the ATMs to ensure that they also benefit from the biometric smart card. Mr. Hesse urged parents to remit to their wards through e-zwich as they would be able to access the money directly from the ATMs at their convenience, even after banking hours.