Rural Apex Bank Launches Domestic Transfer Product.

(From Accra Mail (Ghana) - AAGM)

The Association of Rural Banks (ARB), Apex Bank Limited, has launched its first network product for the transfer of funds locally among all rural banks.

The product known as the "Apex Link" would enable customers and non-customers of the rural banks to transfer monies at moderate charges to other rural banks.

This would be in two different modes of a mail system, which takes more than a day, and the electronic system, which is instant. Finance Minister Yaw Osafo-Maafo, who launched the product, lauded the initiative and urged rural banks to improve their internal control mechanisms to ensure an effective and …