The Bank of Ghana (BoG) has established a new FinTech and Innovation Office to drive the bank’s cash-lite, e-payments, and digitization agenda.
This was contained in a statement signed by the Secretary to the Bank, Sandra Thompson. She indicated that, the emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively.
The Bank therefore advised stakeholders and the public to contact the FinTech and Innovation Office for further information and enquiries.
Details of the full statement issued by Bank of Ghana
BANK OF GHANA ESTABLISHES FINTECH AND INNOVATION OFFICE
The Bank of Ghana has established a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda. The emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively.
The new FinTech and Innovation Office will be responsible for licensing and oversight of dedicated electronic money issuers (mobile money operators), payment service providers (PSPs), closed loop payment products, payment support solutions and other emerging forms of payment delivered by non-bank entities. The office will also develop policies to promote FinTech, innovation and interoperability in Ghana.
Stakeholders and the general public are advised to contact the FinTech and Innovation Office for further information, and to direct all enquiries to: The Head of FinTech and Innovation Office
Bank of Ghana, 1 Thorpe Road, Accra, Ghana
Tel: +233 30 273 9650
Email: fintech@bog.gov.gh
Website: www.bog.gov.gh.
(SGD.)
SANDRA THOMPSON (MS)
THE SECRETARY
5TH MAY 2020
Source: Eric Nii Sackey || ghananewsonline.com.gh