---
title: "GIIPS: Ghana Lenders Plan Sector-Owned Instant Payments"
description: "GIIPS aims to give Ghana’s savings, loans, microfinance, and credit unions instant transfers using Mojaloop and Tazama. Cost and launch timing are still unclear."
canonical_url: "https://liners.com/news/giips-ghana-inclusive-instant-payment-system-mojaloop"
markdown_url: "https://liners.com/news/giips-ghana-inclusive-instant-payment-system-mojaloop.md"
type: "article"
language: "en"
published_at: "2026-09-01T10:01:30.615Z"
updated_at: "2026-09-01T10:01:30.643Z"
---

# GIIPS: Ghana Lenders Plan Sector-Owned Instant Payments

GIIPS aims to give Ghana’s savings, loans, microfinance, and credit unions instant transfers using Mojaloop and Tazama. Cost and launch timing are still unclear.

## Breadcrumbs

- [News](/news)
- [GIIPS: Ghana Lenders Plan Sector-Owned Instant Payments](/news/giips-ghana-inclusive-instant-payment-system-mojaloop)

## Content

## In Short
A group of Ghana’s smaller lenders is planning GIIPS, a shared instant payments platform.

The goal is to help savings and loans firms, microfinance institutions, and credit unions move money in real time.

The system will use open-source software, but the rollout date and pricing have not been disclosed.

## What Happened
GIIPS, short for the GHASALC-GHAMFIN-CUA Inclusive Instant Payment System, is being developed by three industry bodies. They are the Ghana Association of Savings and Loans Companies, the Ghana Microfinance Institutions Network, and the Credit Union Association.

GIIPS is being built under the supervision of the Bank of Ghana. It is being coordinated by the Institute for Inclusive Digital Africa, a nonprofit working on digital financial inclusion projects.

According to tender documents, GIIPS is meant to operate as a shared payment switch. A payment switch is the behind-the-scenes routing layer that connects financial institutions, like a digital “traffic controller” for transfers. It would allow members to send money between customers instantly, without relying on commercial banks or mobile money operators for every transfer.

The platform will run on Mojaloop, an open-source payments stack (shared building blocks for real-time transfers). It will also integrate Tazama, an open-source fraud monitoring tool that checks transactions in real time for suspicious patterns.

A call for proposals has been issued to hire a system integrator, which suggests the project is still in procurement rather than close to launch.

## Why It Matters
Ghana already has established instant payment rails. GhIPSS has offered interbank instant transfers since 2015, and mobile money is the default for many users, led by MTN’s [MoMo](/momo). Ghana also has e-zwich, a biometric smart card system aimed at underserved users.

GIIPS is different because it targets ownership and control, not just access. Many non-bank lenders can connect to existing rails as customers, but they do not control the underlying infrastructure.

If GIIPS ships and reaches scale, it could lower dependence on mobile money and bank intermediaries. It could also help smaller lenders offer faster, branded transfers and modern fraud controls.

The biggest open questions are practical. Who pays for integration, ongoing operations, and dispute handling, and when will member institutions and customers be able to use it?

## Sources and products

- [Tech Labari](https://techlabari.com/ghanas-small-lenders-want-to-build-their-own-instant-payment-network)

## Related pages

- [Infrastructure](/news)

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