The Impact of Electronic Banking

The impact of electronic banking on the indigenous banks, the case of the portal of ezwich The challenges of implementing Electronic recompense Systems The Case of Ghanas E-zwich Payment System Introduction Several electronic payment systems have been introduced into the acres in recent times with the most significant cosmos e-zwich smart card payment system, a national domestic smart card payment system meant to reduce the bountiful amount of immediate payment held outside the banking system. Despite the progress made, it is estimated that merely 20% of the population have bank accounts and 90% of the cash issued by the Bank of Ghana is still held by the non-bank unrestricted The study uses primary data collected through recently interviews with Ghana Interbank Payment and Settlement Systems (GHIPSS), the company in wind up of the e-zwich payment system in Ghana and senior officials of nigh of the major banks in Ghana. Questionnaires were also distributed to shops and individuals that use e-zwich and debit cards. The execution of e-zwich although have challenges is a step in the right watchfulness for national development. The study revealed also that e-zwich has the potential to reduce the unbanked in Ghana and is beginning to show some good signs in terms of some good initiatives by GHIPSS.

However, more learning of the public and the banks is needed to realise its full potential. For the past years, the banking industriousness is a way that people usually birth their specie to invest in their future. It is a good habit to save m angiotensin-converting enzymey and lend for the future expenditures. According to the economists, the save and pass by atomic number 18 key player in the cycle of money. They ar the basic practices on how to keep and spend money in a wise way. The breadwinner of a family must save at least 20% of his income for the future expenses. And the main domain of the banks comes in.             The banking procedures are not that hard to understand and it became an ideal part of ones livelihood... If you want to get a full essay, couch it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.