LONDON – 4 December 2019 – Anglo Australian payments company Bluechain announced a new partnership today that will see BC Payments Limited, a Ghana based private entity, launch Bluechain under the brand BC Pay in West Africa.
BC Pay sees its immediate opportunity as digitising different payment types and simplifying the delivery of value-added services to merchants and businesses, the paying public, banks, telcos and other mobile money and wallet providers regardless of the type of payment.
The launch of BC Pay in Ghana comes at a time when the Ghanaian government is seeking to reduce the countries reliance on cash and capture revenues that currently fall outside the tax net.
The system will be built on Bluechain payments technology, leveraging the emergence of mobile phones as the centrepiece of payments, particularly in Africa, as well as Bluechain’s wealth of experience in the bill payments space.
According to Yoku Korsah, BC Payments Managing Director, “Bluechain is unique in enabling security of payments on a mobile device that is equal to or better than security through other means of transacting, whilst offering significant user convenience and usability advantages.”
The partnership is also central to Bluechain’s expansion plans. Bluechain CEO Mike McAuley commented that “the launch of Bluechain technology in Africa confirms our credentials for financially inclusive payments, which are important across many other regions including Asia and South America. It will demonstrate to central banks and domestic switches that Bluechain provides a robust and easy to use solution for digitising payments.”
Mr McAuley went on to say, “BC Payments Ltd is a great vehicle for taking Bluechain into the African market because of their extensive experience with and knowledge of the local payment infrastructure.”
BC Payments Ltd plans to launch BC Pay in Ghana by the end of the first quarter of 2020 to enable it seize the moment and create a payment channel that becomes the de facto base platform for all digital payments and public and private digitisation developments.
Bluechain technology is powering solutions for the payments industry, from low-cost domestic payment schemes for national switches to payment and finance services for suppliers, retailers and consumers. The same easy-to-use mobile payment app is used for every transaction, so users enjoy one, simple experience whether they are paying in-store, purchasing online, paying bills or sending money.
About BC Payments Limited
BC Payments Ghana Ltd’s mission is to provide an improved payment experience using mobile devices, focusing on simplicity, relevance and security when making payments. It plans to deploy the ground-breaking technology and payment platform in Ghana and other African countries The company seeks to put the customer in control of all possible choices when making a payment while ensuring that all payments they make are secure and can only be executed with their approval.
Bluechain Payments Limited
Level 1, 313 Burwood Rd, Hawthorn, VIC 3122, Australia
Tel: +61 418 949 400
Email: [email protected]