Former Vice President Dr Mahamudu Bawumia has applauded Star Oil Ghana Limited for adopting Ghana’s new individualised credits scoring machine to permit drivers to shop for gasoline on credits the usage of their Ghanacard.

The initiative, he stated, demonstrates the sensible worth of the virtual reforms he championed whilst in place of business.

Star Oil on Monday, December 8, introduced its “Fuel Now, Pay Later” scheme, which allows shoppers to sign up at the My Credit Score app with their Ghanacard and buy gasoline on credits, to be repaid later thru cellular cash.

The scheme combines 3 key virtual methods—credits scoring, Ghanacard identity and cellular cash interoperability.

In a commentary, Dr Bawumia praised the transfer, describing it as cutting edge and recommended to on a regular basis Ghanaians, particularly business drivers.

“I congratulate Star Oil Ghana Ltd. and its bold and visionary CEO for launching their Fuel Now, Pay Later scheme,” he stated.

“It makes it possible for Ghanaians, especially drivers, to buy fuel on credit using their Ghanacard through the individualised credit scoring system.”

He recalled launching the credits scoring initiative closing yr, noting that some doubted its feasibility. The new fuel-credit programme, he stated, displays that Ghana’s virtual infrastructure is developing new chances for companies and customers.

Dr Bawumia additionally highlighted the wider objective of establishing a credit-based market system to ease monetary power on families. He defined that international locations with sturdy credits methods incessantly revel in extra versatile cost choices, and Ghana is now laying the groundwork for a similar.

“A credit economy is vital in making life a lot less stressful for many people in advanced economies,” he stated.

“Thankfully, we have put in place the foundational pillars—Ghanacard, digital addressing, mobile money interoperability and the individualised credit scoring system.”

He inspired different oil innovation tools firms and companies to practice Star Oil’s instance by means of integrating the credits scoring machine into their products and services to provide Ghanaian staff extra buying choices.

The scheme is predicted to profit hundreds of drivers national, marking a vital step in Ghana’s shift towards virtual monetary inclusion.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.