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Technology | Fintech

Bank of Ghana Licenses First Fintech; Zeepay Ghana to Operate as an Electronic Money Issuer

May 01, 2020   •   by   •   Source: Proshare   •   eye-icon 2987 views

Friday, May 01,2020 / 09:28 AM / by Bank of Ghana / Header ImageCredit: Zeepay Ghana 

 

In furtherance of efforts to deepen financialinclusion and in accordance with the Payment Systems and Services Act, 2019(Act 987), the Bank of Ghana has issued its first Dedicated Electronic Money IssuerLicence, to a local Financial Technology (Fintech) company, Zeepay GhanaLimited.


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The licence authorises Zeepay Ghana Limited, tooperate as a Dedicated Electronic Money Issuer, providing the followingservices:

 

1. Cash In;

2. Cash Out;

3. P2P Transfers (Peer to Peer);

4. Bill Payments;

5. Airtime Top-Up; and

6. International Money Transfer (IMT).

 

The Bank of Ghana wishes to reiterate its commitmentto providing an enabling environment for Fintechs, industry players and otherstakeholders, to operate in the payment services space in Ghana.

 

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Proshare Nigeria Pvt. Ltd.

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