Zeepay, a leading African fintech company, has received approval from the Bank of Ghana to launch its outbound money transfer service, enabling cross-border payments from Ghana to key destinations worldwide.
In partnership with MoneyGram, UBA, and Ecobank, Zeepay’s service allows users to send up to $10,000 annually to mobile money wallets or bank accounts in countries such as the UK, USA, Ivory Coast, and Nigeria.
This approval marks a significant milestone, 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.
According to Andrew Takyi-Appiah, Managing Director of Zeepay, “This approval is a testament to Ghana’s commitment to supporting local businesses and advancing innovation. It will significantly enhance the lives of Nigerian and Ivorian immigrants in Ghana, enabling them to support their loved ones abroad with ease.”
Dede Quarshie, GM Commercial at Zeepay, added, “This approval marks a significant milestone for Zeepay, enabling us to provide a comprehensive and improved service to our clients. We are transforming regions previously limited to receiving into active sending locations.”
Zeepay’s outbound money transfer service is a disruptive development in the financial ecosystem, expanding opportunities for Zeepay wallet holders and facilitating seamless international payments.
