Mobile money arrives in Ghana
Written by Michelle Stevens
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.”