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Sunday, March 29, 2020 /07:50
AM / Zeepay Ghana / Header Image Credit: Medium
Bank of Ghana the Regulator of Banking and Financial
Services in Ghana granted ZEEPAY Ghana, license to operate a full Electronic
Money Issuer service otherwise known as Mobile Money...
Zeepay is a leading African FINTECH Giant that
operates as a Mobile Financial Service company from Ghana, covering in addition
20 other African markets and still growing. The service will allow Zeepay's subscribers to operate the full bouquet of mobile money services such as - Cash
In, Cash Out, Peer-to-Peer (P2P) Transfers, Payments and Digital Termination of
Remittances (DTR).
Zeepay customers can now send and receive money across
over 150,000 Agent network available and also perform other related services
out of Zeepay's full bouquet such as - Remittances, Micro Insurance, Auto
Insurance, Mortgage Remit, Airtime top up, Bill Payment and Pension Collections
all in partnership with third parties - such as Insurance Companies, Banks, and
Pension Trustees amongst others.
Chairman of the Board, Paa Kwasi Yankey mentioned that "The new Electronic Money Issuer (EMI) license will enable Zeepay to extend its
current services within the Mobile Financial Services Industry." He reiterated
that, "Bank of Ghana's approval is a historic landmark, considering that Zeepay
is the first Non-Bank Financial Services to be so issued." He further
intimated, "This is also a testament of the President Akuffo-Addo led
Administration's commitment to empowering Ghanaians and Start-Ups. I am excited
and believe that this landmark approval will open doors for Zeepay across the
African continent - where we have significant operations in countries such as
Uganda, Mozambique, Nigeria, Zimbabwe, Cameroun, Côte d'Ivoire, Guinea, amongst
others."
Andrew Takyi-Appiah, Managing Director mentioned "Since 2014 when we embarked on this journey, we have never stopped to
innovate- from being the first to introduce Tap & Pay services to mobile
money, PoS acquiring for mobile money wallets and digital termination of
remittances to mobile wallets. We are deeply humbled and grateful to the Bank
of Ghana for this approval. Especially to the Leadership of Bank of Ghana. We
will like to express our gratitude to our Shareholders Kwame Achampong-Kyei,
Zoe Phillips, Paa Kwasi Yankey and Aaron Sackey for all their relentless
support and our partners, the likes of MoneyGram, Small World, Thunes, RIA, DMA
Consulting, Barclays Bank, GTBank, Access Bank, ADB (Bank), FAB (Bank), Bank of
Africa and all our Board members; including John Gely and Patrick of MoneyGram,
Natasha and Nick Day of Small World and Robert Kotei of RIA and AB, Sandra Yao
and Djibril and others for believing in us."
Mr Andrew Takyi-Appiah further mentioned that "Central
Banks in Africa should follow the lead of Ghana and go a step further to
recognize such approvals in their markets through Passporting like it's done in
Europe; where Zeepay is regulated across all 28 countries through similar
Passporting arrangements from the United Kingdom."
"The approval will enable Zeepay improve last mile
access to financial services for over 20 million Ghanaians, while offering
safety, convenience and significant cost savings. We look forward to exciting
times ahead, where in partnership with Banks, Insurance Companies, Fintechs,
Application service providers and Pension Fund Managers amongst others, we
offer Mobile Financial Services products to our large pull of over 2 million
users across Ghana." said The Head of Commercial at Zeepay, Ms. Dede Quarshie
and further expressed the company's gratitude and profound appreciation to the
Central Bank and the Payment Systems Team for their tremendous support.
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