Description

CBG Collect is a secured web-based application that allows CBG to integrate via APIs with your billing system for verified revenue collections across our branches. This can also be done off-line where the client does not have the required API for direct connectivity.

We Offer You

Seamless revenue collections across all branches through our API integration.

Features

• The platform can accept payments in Cash, Corporate Cheques and Mobile Money
• The platform has the capability of segregating receivables required by the customer
• Flexible and can be deployed to meet the specific requirements of the customer
• Depending on the strength of the customer’s IT infrastructure, it can either be deployed on-line or off-line

Requirements

• Share official request
• The institution logo
• Student data/API
• Account number
• Institution name
• Institution website/URL if any
• Institution address
• Phone number
• Indicate Partial/Full fees payment option

Description

The collections platform allows for On-site collections service where a cashier is planted at any designated business locations of the customer for cash collections. Our On-site proposition can be off-line or on-line depending on the requirement of the customer.

We Offer You

This service provides on-site collection support with a teller assigned to your business premises.

Features

• The platform can accept payments in Cash and Corporate Cheques
• The online option allows a direct integration for collections
• A designated teller is provided
• Bullion van service is deployed to move cash and cheques

Requirements

• Share official request
• Provide cubicle space for setup
• Provide tables and counter top
• Provide CCTV cameras on premises
• Provide counting machines and safe with both lock and pin

Description

The solution provides an easy, convenient and hustle free way of processing cheques in the comfort of the Customer’s office. All cheques scanned through this channel goes straight to the clearing house for clearing.

We Offer You

This solution is designed to meet the needs of Customers who wish to deposit cheques into their accounts remotely.

Features

• No cost for customer setup
• Scanner installation with secure VPN connectivity
• Dedicated user profiles (Inputter and Authorizer)
• Access restricted to designated company staff
• Re-presentation of returned cheques supported
• Processes both in-house and third-party cheques
• Supports express and normal clearing options
• Physical cheques submitted to the Bank at agreed intervals

Requirements

• Reliable internet connectivity
• Windows 10 or later
• Minimum volume of 15 cheques per day or GHS 1 million per month
• Signed Service Level Agreement (SLA)

Description

Smart devices are now enablers for receiving payments. To drive growth and delight our cherished customers at the point of making payments.

We Offer You

CBG POS is a versatile payment solution designed to deliver a seamless customer experience. With features like card payments (Visa/MasterCard) and MoMo, it makes transactions fast, convenient and effortless.

Features

• The device accepts both Mastercard and Visa cards
• The device accommodates both card and mobile money transactions

Requirements

• Completed setup form
• Copy of business registration documents
• Copy of National ID (Ghana Card)
• Valid email address
• Mobile number
• Number of devices required

Description

This is a collection channel where CBG deploys bullion vans to mobilize deposit from our customer’s place of business. The service provides easy banking to our customers.

We Offer You

This solution is designed to meet the needs of customers who want their cash to be picked and deposited on their behalf.

Features

• Service comes at no cost to customer within a specific distance
• The service accepts both cash and cheques

Requirements

• Completed setup forms
• Contact person details and cash pick-up frequency
• Account number
• Signed Service Level Agreement (SLA)

Description

The platform offers the customer the ability to make electronic payments seamlessly and efficiently through a secure electronic banking platform.

We Offer You

Internet Banking service provides real-time, straight-through processing of transactions to CBG accounts as well as beneficiaries of other banks.

Features

• Electronic Funds Transfers (EFTs)
• Inter-account transfer
• Intra-account transfer
• Handles bulk payments
• Generates account statement information real-time
• Export statements into PDF

Requirements

• Complete setup form
• Copy of Ghana Card ID
• Introductory letter for non-signatories

Description

The Bulk Pay channel is an additional value-adding solution embedded in the internet banking platform to support bulk payments to both mobile money and bank account beneficiaries.

We Offer You

Our BulkPay service offers a convenient and efficient platform for making bulk payments to both mobile money and bank account beneficiaries.

Features

• Real time bulk payments to multiple beneficiaries
• Automatic validation and authentication functionality for all payments
• Bulk disbursements to Mobile Money beneficiaries to all mobile networks
• Real time transaction reports for ease of reconciliation and decision making

Requirements

• Complete setup form
• Copy of Ghana Card ID
• Introductory letter for non-signatories

Description

Funeral/Event Collection is a tailored solution that provides customers with the ease of collecting cash at their events. The cash collected is then deposited on behalf of the customer into their account.

We Offer You

Our Funeral/Event collection provides a setup for the event/funeral which can be customised to suit the customer's need.

Features

• Designated tellers are provided
• Customised setup
• Bullion van service available

Requirements

• Official request letter
• Fill consent forms
• Provide flyers for the event/funeral

Description

Advance payment requires the importer/buyer to effect a percentage or full payment of the contract amount prior to the shipment of the goods.

We Offer You

Enables customers to make advance payments to suppliers requiring pre-shipment payment.

Features

• Part/full payment for goods are done before shipment
• Shipment documents are imported after full payment

Requirements

• Executed customer request
• Import Declaration Form (IDF)
• Customer undertaking to submit clearing document after taking delivery of goods

Description

Open account is where the goods are shipped by the supplier and delivered to the importer who is required to make payment at a later date usually in 30, 60, or 90 days.

We Offer You

We provide this service to enable customers pay for goods they have already taken delivery of.

Features

• Delivery of goods is done before payment
• Payment is done to the supplier on agreed period

Requirements

• Executed customer request
• Import Declaration Form (IDF)
• Bill of Entry (BOE)
• Bill of Lading (BL)

Description

Documentary Collection requires the supplier to ship the goods and submit shipping documents to their bank to be forwarded to the importer’s bank for release to the importer either against cash/payment or acceptance of Bill of Exchange.

We Offer You

Seamlessly manage international trade by ensuring shipment documents reach the importer and payments are securely sent to the exporter.

Features

• CBG physical address is shared with the customer to be given to the supplier
• Supplier couriers shipment documents to CBG via provided address
• Supplier submits payment instruction (DA or DP)
• CBG acts according to instruction before submitting documents to buyer
• CBG facilitates payment on payment due date

Requirements

• Commercial invoice
• Original Bill of Lading (BL) / Airway Bill
• Import Declaration Form
• Customer request
• Bill of Exchange
• Bill of Entry

Description

A Letter of Credit constitutes a definite undertaking of the issuing bank at the request of the importer to effect payment for the underlying goods once all stated terms and conditions are complied with.

We Offer You

Provides customers with credit lines to establish Letters of Credit for supplier payments, with funds released upon receipt of compliant shipment documents according to agreed terms.

Features

• Irrevocable undertaking to pay supplier after performance
• Supplier submits compliance documents to show performance
• Payment is done on maturity

Requirements

• Credit line available or customer provides cash cover (cashback LC)
• Customer executes application form
• Customer submits pro forma invoice
• LC draft shared with customer for confirmation
• LC issued after draft confirmation

Description

Escrow account refers to monies held on behalf of transacting parties and applied according to an escrow management agreement in which CBG is part.

We Offer You

Enables local businesses to trade with offshore partners smoothly, without payment challenges.

Features

Escrow agreement is signed between trading parties with CBG as the third party. Funds are disbursed to the beneficiary as per the Forex Exchange Act.

Requirements

Escrow agreement is signed between trading parties with CBG as the third party.

Description

Guarantee is a signed undertaking against future payment on presentation of a complying demand. Same as Standby L/C which is often used in U.S.A.

We Offer You

We provide this service to enable customers secure constant supplies from suppliers without challenges.

Features

It is an irrevocable undertaking to pay a certain amount to the supplier upon demand.

Requirements

• Credit line available or customer provides cash cover (cashback LC)
• Customer executes request letter
• Customer submits pro forma invoice
• Draft is shared with customer for confirmation
• Instrument issued after draft confirmation

Description

Flexible short term credit facility made to trade (Import or Export). Working capital gap financing. This provides cash flow support to the borrower.

We Offer You

Flexible financing solutions for short and medium-term business needs.

Features

• Fixed term and short tenor (revolving in some cases)
• Approved limit
• Payable at maturity
• Pricing – Arrangement fee, interest rate, commitment fee etc.
• Security

Requirements

Credit requirement.

Description

To finance ongoing operational expenditures, including general expenses, statutory payments, and payroll.

We Offer You

Short term working capital solutions to cover urgent expenses.

Features

• Revolving and fluctuates depending on inflow and outflow within approved limit
• Expiry date/payment date/fixed period – 12 months
• Callable on demand / repayment is immediate

Requirements

Credit requirement.

Description

Invoice discounting is a form of short term borrowing where businesses can unlock cash by using their unpaid invoices as collateral.

We Offer You

Invoice financing solutions that enable businesses to access funds from receivables before payment is received from their debtors.

Features

Requirements

Credit requirement.