A news item on Vanguard’s website indicates that Nigerian-issued Etranzact cards can be used on Etranzact-linked ATMs in Ghana and vice-versa:
A very big one is the possibility of Nigerian and Ghanaian eTranzact cardholders to withdraw cash from any ATM in Nigeria and Ghana and have their accounts debited accordingly. This service is designed for all categories of people who travel between Nigeria and Ghana. Stakeholders agree that eTranzact’s partnership with Intercontinental Bank to bring this idea to fruition is a great feat.
I figure the cards will work on Intercontinental Bank Ghana’s ATMs. I am aware that Zenith Bank Ghana and UBA Ghana and a few other Ghanaian institutions are also linked to the Etranzact Ghana’s network, but I am not sure if Nigerian-issued Etranzact cards will work on these as well.
This is not the first time an electronic payment network is linking Ghana and Nigeria. I had used an international VISA Debit/ATM card issued by Ecobank Ghana on some of Access Bank’s VISA-enabled ATMs in Lagos last year. Many banks in Nigeria issue Mastercard credit/debit cards and I am sure these would work on the few Mastercard ATMs in Ghana as well.
All these should go a long way to make moving money between ECOWAS countries safer, faster and cheaper. This would ultimately boost regional trade.
3 responses so far ↓
1 BroTee // Feb 14, 2008 at 7:13 am
This sure sounds like a nice improvement. Maybe very soon, Nigerians will be allowed to use PayPal. Thanks for the post. Cheers.
2 Oluniyi David Ajao // Feb 15, 2008 at 7:20 pm
Etranzact and Interswitch have little or nothing to do with Paypal extending its services to residents of Nigeria. What can perhaps improves the chances of Nigeria would be that Mastercard and Visa cards become widespread. However, I doubt if these are the issues. See my previous post: Paypal Nigeria.
3 johnny // Feb 20, 2008 at 1:58 pm
is it possible to have E-gold and Paypal introduced in Ghana?
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