Zeepay and Small World FS have partnered to bring remittances to mobile money wallets in Ghana for the first time.
The country already receives over $1 billion annually in remittances, with over 130 million transactions processed in the year to date. The new money wallet service will be available to customers around the world who want to send money directly to a recipient’s bank account or mobile number in Ghana.
On receiving the funds, m-wallet holders can decide whether to retain money in the wallet, or withdraw it from a Small World FS agent or ATM. Alternatively, customers can also use the Zeepay mobile payment ecosystem – which currently supports Airtel money wallets – to pay for goods via their phone.
Andrew Takyi-Appiah, co-founder of Zeepay, said: “We are delighted to be at the forefront of this financial technology innovation, and are excited to bring value-added services to mobile money operators in Ghana. For the first time, an African emigrant can send money directly to a mobile money wallet, simply by inputting the recipient’s mobile money number.”
CEO of Small World FS, Nick Day, added: “Africa is leading the way globally in mobile money, and today’s announcement is another step forward in this revolution. Ghanaian emigrants rely on safe, simple and secure remittance processes to send money home, and this is why we are passionate about working with Zeepay on the mobile money wallet.”
Latest News
-
Bank of England delays Basel banking reforms until 2027 amid US uncertainty
-
Amazon acquires Indian BNPL specialist Axio
-
Revolut launches in-app calls to tackle impersonation scams
-
Apple in talks with Barclays and Synchrony as Goldman card partnership faces early end
-
Google AI fund leads $3m funding round in Arva AI
-
JN Bank appoints Chris Waring as CEO as it raises £20m
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories