A news item on Vanguard’s website indicates that Nigerian-issued Etranzact cards can be used on Etranzact-linked ATMs in Ghana and vice-versa:
A very big one is the possibility of Nigerian and Ghanaian eTranzact cardholders to withdraw cash from any ATM in Nigeria and Ghana and have their accounts debited accordingly. This service is designed for all categories of people who travel between Nigeria and Ghana. Stakeholders agree that eTranzact’s partnership with Intercontinental Bank to bring this idea to fruition is a great feat.
I figure the cards will work on Intercontinental Bank Ghana’s ATMs. I am aware that Zenith Bank Ghana and UBA Ghana and a few other Ghanaian institutions are also linked to the Etranzact Ghana’s network, but I am not sure if Nigerian-issued Etranzact cards will work on these as well.
This is not the first time an electronic payment network is linking Ghana and Nigeria. I had used an international VISA Debit/ATM card issued by Ecobank Ghana on some of Access Bank’s VISA-enabled ATMs in Lagos last year. Many banks in Nigeria issue Mastercard credit/debit cards and I am sure these would work on the few Mastercard ATMs in Ghana as well.
All these should go a long way to make moving money between ECOWAS countries safer, faster and cheaper. This would ultimately boost regional trade.
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