Enter your email address below and subscribe to our newsletter

Zeepay Gets Approval for Outbound Money Transfers from Bank of Ghana

By Oluchukwu Ikemefuna

Share your love

In a move that is set to revolutionize money remittance for immigrants in Ghana, Ghanaian fintech startup Zeepay has been granted approval by the Bank of Ghana to conduct outbound money transfers. 

This landmark decision will allow Nigerian and Ivorian immigrants residing in Ghana to seamlessly send money back to their home countries, leveraging Zeepay’s robust and secure digital money transfer platform.

A Decade of Innovation Paves the Way for Zeepay Outbound Transfers

This approval is a significant milestone for Zeepay, a Ghanaian fintech company that has been at the forefront of financial technology innovation for the past decade. 

Zeepay Gets Approval for Outbound Money Transfers from Bank of Ghana

Founded in 2013, Zeepay has established itself as a leading provider of mobile money solutions and financial services in Ghana. 

The company has a proven track record of success, having secured over $23 million in funding throughout its funding rounds. 

Zeepay’s commitment to financial inclusion and its dedication to leveraging technology to empower Ghanaians has earned it recognition as a key player in Ghana’s burgeoning fintech landscape.

Empowering the Diaspora: How Zeepay Outbound Transfers Will Benefit Nigerian and Ivorian Immigrants

The approval for Zeepay outbound transfers presents a much-needed solution for Nigerian and Ivorian immigrants in Ghana. 

Prior to this, sending money back home often involved  inconvenient and potentially risky informal channels. 

Zeepay’s secure and reliable digital money transfer platform offers a transparent and efficient alternative. 

Immigrants can now send money back home to their families with greater ease and peace of mind, utilizing Zeepay’s user-friendly interface and competitive exchange rates.

Beyond Remittances: The Broader Impact of Zeepay Outbound Transfers

The authorization for Zeepay outbound transfers extends beyond its immediate benefit to Nigerian and Ivorian immigrants. 

This decision by the Bank of Ghana signifies a strong commitment to fostering financial inclusion and promoting the growth of Ghanaian fintech companies. 

By granting approval to Zeepay, the Bank of Ghana is sending a clear message of support for domestic innovation within the financial services sector. 

This bodes well for the future of Ghanaian fintech, paving the way for further advancements and the development of new financial products and services that cater to the diverse needs of the Ghanaian populace.

Read More: MTN, Airtel, Vodafone Mobile Money Process 98% of Transactions that Happens in Ghana – Paystack Reports

A Stepping Stone for the Future: How Zeepay Outbound Transfers Signal a New Era for Ghanaian Fintech

The approval for Zeepay outbound transfers represents a significant step forward for Ghanaian fintech. 

It serves as a testament to the country’s burgeoning fintech industry and its potential to disrupt traditional financial service models. 

With this landmark decision, Ghana has positioned itself as a frontrunner in fintech innovation within the West African region. 

Zeepay’s success paves the way for other Ghanaian fintech startups to emerge and contribute to the financial ecosystem. 

As Zeepay continues to expand its outbound transfer services to cater to a wider range of African countries, it is poised to become a major player in facilitating cross-border payments across the continent.

The Bank of Ghana’s approval for Zeepay outbound transfers marks a pivotal moment for both Zeepay and the Ghanaian fintech industry as a whole. 

This decision empowers Nigerian and Ivorian immigrants with a secure and efficient way to send money back home, while simultaneously serving as a strong endorsement of Ghanaian innovation and financial inclusion efforts. 

As Zeepay continues to grow and develop its outbound transfer services, it is anticipated to play a key role in shaping the future of cross-border payments within Africa.

Was this information useful? Drop a nice comment below. You can also check out other useful contents by following us on X/Twitter @siliconafritech, Instagram @ Siliconafricatech, or Facebook @ Silicon Africa.

Share your love
Oluchukwu Ikemefuna
Oluchukwu Ikemefuna

Oluchukwu Blessing Ikemefuna, a talented content writer from Anambra, Nigeria, found her writing passion in secondary school. Holding a degree in Biological Sciences from Federal University of Technology, Owerri, she specializes in blog writing across technology, finance, healthcare, education, and lifestyle sectors. With strong research and SEO skills, Oluchukwu creates engaging content globally. Her work aims to inspire and engage authentically while driving action. Outside work, she enjoys travel, reading, and movies as she grows as a skilled writer.

Articles: 280

Newsletter Updates

Enter your email address below and subscribe to our newsletter

Stay informed and not overwhelmed, subscribe now!