Businesses in Ghana and how they can liaise with those in Nigeria
West Africa is one of the busiest and more highly involved areas in commerce, especially when it comes to transactions across boundaries. The area has a wide variety of sectors that have proved to be financial gems to the business development of the area such as agriculture, oil, mining, services etc, all of which have boosted this ECOWAS region.
Ghana’s business link to Nigeria
Zooming in, the focus lies on two giants of the region; Nigeria and Ghana and how the businesses in these two countries are able to work together. These African nations have positively exploited the alliance and companies within the two nations often collaborate and transact.
Ghana’s payment system
The country’s GDP of 42.76 billion dollars serving a population of over 27 million people relies greatly on MTN mobile money, Tigo and Airtel money as their core forms of accepting and paying out with banks being a distant second for the more sophisticated minority using the likes of Zenith, Barclays and Fidelity as the most sounding options.
How Nigeria pays out and accepts money
Nigeria on the other hand is more inclined towards banking systems as the more efficient form to pay out and accept money in their economy. The nation put stiff restrictions on mobile money to ensure controlled monitoring in the economy. MasterCard, Visa and Verve are the most popular forms of card payment systems linked to the banks.
With the above, it is clearly observed that companies in Ghana and Nigeria face a complication in finalising transactions, there is a huddle on how to handle payments since the two economies use different systems of moving money.
Dusupay connects Nigeria and Ghana
Businesses can now conveniently pay out and accept payments in between the two nations through creating accounts with DUSUPAY. The accounts enable them to pay out to one another without necessarily being a part of the payment system of the other nation. DUSUPAY avails a number of options to pay out and accept money through thus enabling business owners to select suitable ways to pay across the borders without the hassle of joining the other party’s pay modes.