Zeepayan African fintech and mobile money challenger has secured regulatory approval from the Bank of Ghana to outgoing money transfer service.
Zeepay enables cross-border payments from Ghana to key destinations including UK, USA, Ivory Coast, and Nigeria.
Details
Zeepay is the first of its kind to be granted by the Bank of Ghana or any other regulatory authority within the regulatory sandbox to a mobile money wallet originator.
What they say
Expressing his enthusiasm for the new service, Andrew Takyi-AppiahCEO of Zeepay said, βThis approval is a testament to Ghana’s commitment to supporting local businesses and promoting the innovative potential of our people. It is also a strong supporter of the digitization initiatives of HE Dr. M. Bawumia,“, he stated.
βImportantly, this ground-breaking approval will significantly improve the lives of Nigerian and Ivorian migrants in Ghana. For the first time, they can send up to ten thousand dollars a year back home, directly to mobile wallets or bank accounts.β
Dede QuarshieGM Commercial at Zeepay added, βThis marks a major milestone for Zeepay with the regulatory approval of our outgoing product. This product will enable P2P remittances to key corridors such as Ivory Coast, Nigeria, the United States and the United Kingdom.
This initiative not only enhances the ease of trade for the migrant community, but also transforms previously restricted receiving areas into active sending locations. This development enables Zeepay to provide comprehensive and enhanced services to our customers.β
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