Ghana: Prudential Bank, UnionPay International engage GUTA on UPI cards

Prudential Bank Ltd (PBL) in collaboration with UnionPay International (UPI) has organized a day’s seminar focused on international trade payment solutions for the Ghana Union of Traders’ Association (GUTA).

The seminar sought to highlight the advantages of the Bank’s UnionPay cards and other value-added products to address the challenges traders faced when paying for good and services internationally especially in China and Southeast Asia.

The event, held in Accra, was attended by over 50 key members of GUTA.

The seminar featured a diverse group of GUTA executives and members, along with the regional representative of UnionPay for Africa and Senior Management from Prudential Bank.

In his opening remarks, Mr. Ebow Quayson, Executive Head of Retail and Commercial Banking at PBL, expressed gratitude to the attendees for their adoption and ongoing use of UnionPay cards.

He reassured that the Bank recognizes the difficulties Small and Medium-Sized Enterprises (SMEs) encounter when making payments to suppliers in Asia, reason why PBL is offering UPI cards in debit & pre-paid variants to meet the immediate needs of traders.

He said the collaboration between UnionPay International and PBL was timely & would help address the issues faced by customers engaged in trade worldwide & specifically within the Asian markets.

Dr. Joseph Obeng, President of GUTA, for his part, stressed the challenges traders encounter with suppliers, particularly due to language barriers. The card in his view would be a good way to bridge that gap.

Source: thebftonline.com