Zeepay, the fast growing remittance-to-wallet fintech company, has been approved by The Central Bank of Zambia to operate a new remittance outbound service directly from its mobile money wallet.
The approval comes on the back Zeepay’s acquisition of a 51 per cent stake in Mangwee Mobile Money which made the company the majority shareholder of the entity. Zeepay’s innovative remittance outbound service will empower Zambians to send money abroad via mobile money to over 150 countries in real time, making it easier and more convenient for them to support their families and loved ones abroad.
Andrew Takyi-Appiah, the Managing Director of Zeepay, expressed his excitement over the launch of this revolutionary service. He stated that their partnership with MoneyGram is gradually making Africa a borderless continent, and they are honoured to be a part of this historical change.
Zeepay, through its focus on innovation and technology, increased sales volume to US$400 million in 2020, connecting digital assets, such as mobile money wallets, cards, ATMs, and global tokens, to international money transfer operators. Zeepay processes remittance payment transactions for over 150 million subscribers across 20 countries in Africa. Zeepay is a wholly Ghanaian-owned company – regulated in the UK by the Financial Conduct Authority and in Ghana by the Bank of Ghana.
Source: B&FT
