Absa Bank introduces first-ever QR code feature for ATMs

If you are an Absa Bank customer with a penchant for using the bank’s ATM, there’s a new feature on the machine that will make your life simpler and more convenient than before.

For the first time in Ghana, customers can now withdraw money from any of Absa’s ATMs with the luxury of a digital QR code, using their mobile phones. The functionality, which is now operational across ATMs nationwide, reflects Absa’s digital leadership in the banking industry.

Banking has always been a lucrative component of economic transformation and development across nations. With the advancement of digital technology and the dynamic needs of customers, banks are finding new ways of engaging and making transactions easy and convenient for their customers.

The ATM QR Cash feature is embedded in Absa’s mobile banking app; and allows customers to scan a code on the ATM with their phone to follow instructions on withdrawing the cash without the use of the credit/debit card. The process is seamless and avoids any physical contact with the ATM keys or buttons. It is a clear synergy between mobile technology and the physical ATM machine, elevating the way customers engage with their banks.

Commenting on the new feature, Director of Retail at Absa Bank Ghana, Charles Addo said: “It is a new way of banking that immediately transforms our commitment to our customers. We are at a certain stage in the global dynamic of banking where organisations need to constantly reinvent to remain relevant. Our customers are increasingly coming up with new needs and expectations and our responsibility is to meet them seamlessly. We are excited about this innovation, and we remain committed to devising new and better ways to make the banking experience worthwhile for our customers.”

The ATM QR Cash feature adds to a rich collection of innovative and creative products from the stable of Absa Bank. The bank has been at the forefront of digital banking leadership in Ghana through a plethora of products including Absa Cash Send and Cash Accepting ATMs that allows 24/7 banking on the go.

Comments

Fitch Solutions retains 2025 growth rate projection at 4.2%

Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

Kofi Ahovi

Search This Blog