Global provider of money transfer and payment services, MoneyGram, has partnered local Fintech company,
Zeepay Ghana Limited, to provide services that will enable customers to receive remittances through their mobile money wallets .
The MoneyGram-to-Mobile wallet service will also allow customers to send their remittances directly into any mobile wallet in Ghana.
The service is available on all domestic mobile money wallet platforms –MTN Mobile Money, Vodafone Cash
The two companies have subsequently signed an agreement to officially launch the service in Ghana. The Head of MoneyGram, Africa,
He said the new channel would also help drive down the cost of remitting money to Ghana, providing an easier and accessible platform to extend mobile financial services.
The Regional Director, MoneyGram Anglophone West Africa,
The African continent, he said, remained one of the key markets for MoneyGram globally.
According to the World Bank, in 2017, US$2.2 billion flowed into Ghana, an increase of 4.3
Govt driving financial inclusion
The Director, Financial Sector Division at the Ministry of Finance,
He said with the growth of technology in the financial services landscape, it was important for banks to develop ways to remain relevant for customers to
He also added that the Cabinet had approved the Payment System and Services Bill which would soon be presented to Parliament for ratification.
The new bill is to promote a robust and vibrant financial technology and mobile money industry.