Sunday, March 29, 2020   /07:50AM / Zeepay Ghana / Header Image Credit:  Medium

Bank of Ghana the Regulator of Banking and FinancialServices in Ghana granted ZEEPAY Ghana, license to operate a full ElectronicMoney Issuer service otherwise known as Mobile Money...

Zeepay is a leading African FINTECH Giant thatoperates as a Mobile Financial Service company from Ghana, covering in addition20 other African markets and still growing. The service will allow Zeepay's subscribers to operate the full bouquet of mobile money services such as - CashIn, Cash Out, Peer-to-Peer (P2P) Transfers, Payments and Digital Termination ofRemittances (DTR).

Zeepay customers can now send and receive money acrossover 150,000 Agent network available and also perform other related servicesout of Zeepay's full bouquet such as - Remittances, Micro Insurance, AutoInsurance, Mortgage Remit, Airtime top up, Bill Payment and Pension Collectionsall in partnership with third parties - such as Insurance Companies, Banks, andPension Trustees amongst others.

Chairman of the Board, Paa Kwasi Yankey mentioned that "The new Electronic Money Issuer (EMI) license will enable Zeepay to extend itscurrent services within the Mobile Financial Services Industry." He reiteratedthat, "Bank of Ghana's approval is a historic landmark, considering that Zeepayis the first Non-Bank Financial Services to be so issued." He furtherintimated, "This is also a testament of the President Akuffo-Addo ledAdministration's commitment to empowering Ghanaians and Start-Ups. I am excitedand believe that this landmark approval will open doors for Zeepay across theAfrican continent - where we have significant operations in countries such asUganda, Mozambique, Nigeria, Zimbabwe, Cameroun, Côte d'Ivoire, Guinea, amongstothers."

Andrew Takyi-Appiah, Managing Director mentioned "Since 2014 when we embarked on this journey, we have never stopped toinnovate- from being the first to introduce Tap & Pay services to mobilemoney, PoS acquiring for mobile money wallets and digital termination ofremittances to mobile wallets. We are deeply humbled and grateful to the Bankof Ghana for this approval. Especially to the Leadership of Bank of Ghana. Wewill like to express our gratitude to our Shareholders Kwame Achampong-Kyei,Zoe Phillips, Paa Kwasi Yankey and Aaron Sackey for all their relentlesssupport and our partners, the likes of MoneyGram, Small World, Thunes, RIA, DMAConsulting, Barclays Bank, GTBank, Access Bank, ADB (Bank), FAB (Bank), Bank ofAfrica and all our Board members; including John Gely and Patrick of MoneyGram,Natasha and Nick Day of Small World and Robert Kotei of RIA and AB, Sandra Yaoand Djibril and others for believing in us."

Mr Andrew Takyi-Appiah further mentioned that "CentralBanks in Africa should follow the lead of Ghana and go a step further torecognize such approvals in their markets through Passporting like it's done inEurope; where Zeepay is regulated across all 28 countries through similarPassporting arrangements from the United Kingdom."

"The approval will enable Zeepay improve last mileaccess to financial services for over 20 million Ghanaians, while offeringsafety, convenience and significant cost savings. We look forward to excitingtimes ahead, where in partnership with Banks, Insurance Companies, Fintechs,Application service providers and Pension Fund Managers amongst others, weoffer Mobile Financial Services products to our large pull of over 2 millionusers across Ghana." said The Head of Commercial at Zeepay, Ms. Dede Quarshieand further expressed the company's gratitude and profound appreciation to theCentral Bank and the Payment Systems Team for their tremendous support.

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