Zeepay Ghana gets electronic money licence

Zeepay Ghana, an online remittance service, has reportedly received an electronic money issuer (EMI) licence from Bank of Ghana.

With the accreditation, the FinTech will be able to offer its customers a variety of services including peer-to-peer transfers, payments and digital remittances, cash in, and cash out, according to a report from the Paypers.

Users can now also interact with a number of third-parties to access additional services including micro-insurance, mortgage remit, auto insurance, remittances, airtime top-up, bill payments and pension collections, the report stated.

Zeepay claims to be the first non-bank financial services company to receive this type of licence.

Last year, the Consolidated Bank Ghana, a consolidation of five different banks incorporated the Temenos solution to improve core banking systems. The banks will leverage the Temenos’ T24 Transact software to consolidate assets from the five banks it is made from – Construction Bank, Beige Bank, Royal Bank, UniBank and Sovereign Bank.

Trulioo, an identity verification platform, entered into the Nigeria and Ghana markets late last year, offering its GlobalGateway service to residents.

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