Retailers’ attorneys stated that it would also allow for competitive pricing and the removal of anti-steering laws.
Ghana
In the meantime, Visa and Ghana Interbank Payments and Settlements Systems (GhIPSS), the payment switch, recently entered into a collaboration arrangement that will allow all Visa Card transactions to be handled locally. This will increase financial inclusion and allow banks, retailers, and customers to save some money.
During the signing ceremony, the Visa West Africa official gave Ghanaians the assurance that the company would stick to its cost-cutting methods and models. One benefit of domestic Visa processing is that banks avoid paying dollars to foreign processing organizations.
In fact, GhIPSS is preparing to ink a comparable partnership agreement with Mastercard shortly, purely for financial reasons , all in the interest of cost saving and deepening financial inclusion.
