The payment systems and services act, 2019 was put in place to amend and consolidate the laws relating to payment systems, payment services and to regulate institutions which carry on payment service and electronic money business and to provide for related matters.

However, what exactly does all that mean? Who does it cover? Who does it control? What restrictions remain? 

Kofi Owusu-Nhyira, a private legal practitioner joins me to share some insight on the show.