Players in the country’s Eco digital space are optimistic the passage of the Payment System and Services bill will streamline their activities.
The new payment system and services bill which currently before parliament is to replace the current electronic money issuer’s guidance being used by the industry.
The move to pass the bill has also become apparent following the increased use of fintech products as well as other digital platforms for financial transaction.
In an interview with Citi Business News, Managing Director of Zeepay Andrew Takyi Appiah said the bill will also allow for more Innovation in the industry.
“The new bill when it becomes an act, I think it will let innovation thrive in the market. I think that it will be a testament of Nana Akufo-Addo’s belief in the youth and the fintech eco system. So it’s a good thing”, he stated.
Mr. Takyi Appiah added that, “not only will innovation thrive but it will also help us articulate the direction of the entire ecosystem and know the a players and the regulator”.
He spoke to Citi Business News at the sidelines of the launch of the company’s free airtime promo for mobile wallet receivers of remittance as part of its 5 year anniversary.
About the Promo
Zeepay, the fastest growing fintech in Africa has launched a new promo dubbed TUGUMESO.
All recipients of international money transfer from the diaspora will get free airtime on every transfer received directly into mobile money wallet in minutes.
The promo is designed to impact over 20 million mobile money customers that receive remittances directly into their mobile wallet from Italy, United States of America and United Kingdom.
Offer is open to all Small World Choice USA, Small World Europe and Moneytrans clients. Remittances can be cashed out at over 380,000 agent locations across the country.
Dede Quarshie, Category Business Manager Zeepay mentioned: “As part of our 5 year anniversary we deem it fit to reward all our diligent customers through this free airtime promotion. We anticipate to touch the lives of over 500,000 customers from the USA, Italy and UK, through this promotion.”
About Zeepay
Zeepay is the fastest growing Mobile Financial Service across Africa with Operations in Ghana and United Kingdom and terminating to 20 countries across Africa and over 90 remittance termination agreements globally. We specialise in Remittance termination into mobile money wallets.
We are a wholly owned Ghanaian company and regulated in the UK by FCA through PSD2 and in Ghana by Bank of Ghana through Branchless Banking. We support Sustainable Development Goals (SDG) 3 and considered a Financial Inclusion Company working towards improving last mile access to remittances.
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By: Anita Arthur/citibusinessnews.com/Ghana