Zeepay Ghana gets mobile money licence

Tuesday 31 March 2020 08:36 CET | News

Zeepay Ghana has received an Electronic Money Issuer (EMI) or mobile money licence from the country’s central bank, Verdict reports.

The approval from the Bank of Ghana is said to benefit more than 20 million Ghanaians. The service enables the subscribers of the service to access mobile money services including cash in, cash out, P2P transfers, payments as well as digital termination of remittances (DTR).

The customers of Zeepay can now collaborate with third parties including banks, pension trustees, and insurers to carry out related services including money transfer, micro insurance, auto insurance, mortgage remit, airtime top up, bill payment, and pension collections.

Chairman of the board Paa Kwasi Yankey said that Zeepay is the first non-bank financial services company to get such a licence.

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Keywords: Zeepay, mobile money, payment rail, e-wallets
Categories: Payments & Commerce
Countries: Ghana
This article is part of category

Payments & Commerce