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Zenith Bank Launches GlobalPay e-commerce Application

Update On :12 May 2016

Zenith Bank Launches GlobalPay e-commerce Application

One of the leading financial institutions in the country, Zenith Bank, has increased the appetite of the loyalty of its customers with yesterday’s launch of its new technologically-driven product, purposed to give businesses the opportunity to expand their markets on an international scale.

Known as the GlobalPay e-commerce application, it is an online collection platform which enables merchants, including businesses and individuals, who sign up for the product to accept card payments -Visa and MasterCard (credit, debit, prepaid) – on a real-time basis.

The product is designed for both merchants with and without existing websites. In cases where the merchant has an existing website, the bank will integrate its payment Application Programme Interface (API) into the merchant’s website.This means that the merchant’s customers can make direct payments from their website.

But where the merchants do not have a website, the bank will create an online store for them to list their products on the GlobalPay platform, where customers can make purchases with their cards.The acting Managing Director and Chief Executive Officer of Zenith Bank, Mr. Henry Oroh, in his address said the bank had over the years “acquired the reputation of providing innovative banking products and services that cater to the needs of our numerous customers.”He stressed that his outfit never rested on its oars as it continued to develop and enhance those products and services to satisfy the ever-changing and growing needs of people, mostly linked to technology.

According to Mr. Oroh, GlobalPay had been designed to secure web-based collection gateway, having recognized the vast opportunity for local companies to expand their businesses online.“The platform serves as a link between the Bank, merchants and card holders,” he stated, adding that card holders could conveniently shop from the comfort of their homes on the websites of any merchant with the Zenith Bank facility.

While urging supermarkets, shopping malls, churches, schools, merchant stores, business men and women to make use of the product, Mr. Oroh assured them of secure transactions, real time payments, global reach and increased business channels.

Dr. Setor Amedeku of the Bank of Ghana applauded Zenith Bank for the initiative, saying the product had arrived at an opportune time since it had filled the gap of electronic banking that the Central Bank would seriously be propagating.He revealed that the Bank of Ghana had recently opened an office with the principal task of promoting electronic banking.

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