Zenith Bank Ghana

Zenith Bank Ghana is a separate party to a POS Acquiring Agreement with Ghanaian merchants. The legal entity is Zenith Bank (Ghana) Limited, which belongs to the Zenith Bank group and has its office at Zenith Heights, 31 Independence Avenue, Ridge, Accra.

What the agreement covers

The agreement permits the acceptance of payments through a bank terminal. It also sets out the rules for accepting Visa and Mastercard cards and for protecting card data. The listed services are merchant acquiring and POS. A merchant that signs the agreement takes on obligations for how card details are handled, which is a standard part of acquiring contracts but worth reading closely before signing.

Market and entity

Because the Ghanaian business signs its own agreement, a merchant in Ghana should rely on that entity's terms and not on the terms of the parent group's operations in other countries. The card networks named are Visa and Mastercard.

Who it suits

The offering is for businesses in Ghana that want to accept card payments in person through a bank-supplied terminal.

What to confirm

Merchant service charges, settlement times, terminal rental or purchase conditions and the list of required documents are not given in the published description. A merchant should obtain these from the bank in writing, and also ask what support is available when a terminal fails or a card transaction is disputed.