In a groundbreaking advancement for the financial sector, Zeepay, Africa’s premier fintech enterprise, has secured a pivotal regulatory endorsement from the Bank of Ghana for its outbound money transfer service. This landmark approval facilitates seamless cross-border transactions from Ghana to major global destinations, including the UK, USA, Ivory Coast, and Nigeria.
Zeepay Ghana Ltd is a leading provider of digital remittance termination and ancillary mobile financial services, with a significant presence across Africa and the Caribbean. Committed to advancing financial inclusion, Zeepay leverages cutting-edge technology to offer seamless and secure financial solutions to its clients worldwide.
Zeepay’s innovative service, a first for a mobile money operator in Ghana, expands its robust portfolio of facilitating international remittances. With prior success in both inbound and outbound transfers across Zambia, Barbados, and Ivory Coast, Zeepay is now poised to transform Ghana’s financial ecosystem through a strategic collaboration with MoneyGram.
“This approval is a testament to Ghana’s commitment to supporting local businesses and advancing the innovative potential of our people,” enthused Andrew Takyi-Appiah, Managing Director of Zeepay. “It also aligns with Dr. Mahamudu Bawumia’s digitisation initiatives, underscoring our nation’s progressive stance on financial technology.”
The new service offers significant benefits to Ghana’s diverse immigrant communities, particularly those from Nigeria and Ivory Coast. For the first time, they can remit up to $10,000 annually back home, directly to mobile money wallets or bank accounts. This groundbreaking development not only simplifies the remittance process but also fosters stronger economic ties between Ghana and its neighboring countries.
Dede Quarshie, GM Commercial at Zeepay, highlighted the broader implications of this service. “This regulatory approval marks a significant milestone for Zeepay. Our outbound product will enable peer-to-peer remittances across vital corridors like Ivory Coast, Nigeria, the United States, and the United Kingdom. This initiative transforms previously limited regions into active participants in the global financial system, providing enhanced service and convenience to our clients.”
Founded in 2014, Zeepay Ghana Ltd has established itself as a trailblazer in digital remittance and mobile financial services across Africa and the Caribbean. Operating in over 20 countries, Zeepay partners with global financial giants such as MoneyGram International. In the UK, Zeepay is regulated by the Financial Conduct Authority (FCA), while in Ghana, the Bank of Ghana oversees its operations.
As Zeepay continues to drive innovation and inclusivity in the financial sector, its new outbound money transfer service stands as a beacon of progress, reinforcing Ghana’s position as a leader in fintech innovation. For more information, visit: www.myzeepay.com.