Zeepay has obtained Bank of Ghana regulatory certification.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Fintech business Zeepay, has secured regulatory approval from the Bank of Ghana for its outbound money transfer service.

This service enables cross-border payments from Ghana to key destinations, including the UK, USA, Ivory Coast, and Nigeria.

With a track record of facilitating both inbound and outbound transfers in Zambia, Barbados, and Ivory Coast, Zeepay now extends the outbound service to Ghana in partnership with MoneyGram.

This approval represents a disruptive development in the financial ecosystem, as it is the first of its kind granted by the Bank of Ghana or any other regulator within the regulatory sandbox to a mobile money operator originating from mobile money wallets.