BoG establishes FinTech and Innovative office

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

Disclaimer
Ghananewsonline.com.gh is not responsible for the reportage or opinions of contributors published on the website. Read our disclaimer.
Send your news stories to ghnews101@gmail.com and via WhatsApp on +233 24 482 2034.

spyDa

Ghananewsonline.com.gh is your news, politics, business, sports, entertainment, a lifestyle website. We provide you with the latest breaking news and content straight from the motherland Ghana and other countries beyond.

Leave a Reply