CEO of the Ghana Interbank Payments and Settlements Systems (GhIPSS), Archie Hesse has said that real-time payments now constitute over 65% of transactions on the GhIPSS platform, highlighting the importance of FinTechs in Ghana."About eight years ago when we...
The CEO of Ghana Interbank Payments and Settlements Systems (GhIPSS), Archie Hesse and Ghana's banking-sector mobile money platform, GhanaPay have received honours at this year's Digital Economy Awards in Nairobi, Kenya.GhanaPay was adjudged The Best Government Payment App of...
Ecobank Ghana has to date disbursed almost US$600 million to 3.2 million Ghanaians via its micro loans product, XpressLoan on MTN Mobile Money, with some 3.99% (US$23.94 million) non-performing loans rate.Senior Banker and Digital Transformation Specialist at Ecobank, Elhanan...
A new report from Duplo, a business payment platform for African businesses of all sizes, has revealed that Ghana is among the top five countries in Africa when it comes payment automation and use of electronic bank transfers in the...
The Bank of Ghana has temporarily suspended the foreign exchange (forex) licenses of Fidelity Bank and First National Bank (FNB) for flouting forex regulations in the country. In a public notice, the central bank said the license suspension is for...
Revenue from MTN Ghana’s digital services has been declining year on year for a while now, and the CEO, Selorm Adadevoh says it is because the company has cleaned up its value-added service (VAS) portfolio to remove all unsolicited...
Prince Boakye Boampong, the founder and CEO of Dash, which provides an alternative payment network with connected wallets allowing interaction between mobile money and bank accounts in Africa, has allegedly been temporarily suspended pending an investigation into financial impropriety,...
The International Monetary Fund (IMF) has assigned a Resident Adviser in financial sector supervision to the Bank of Ghana (BoG) to provide technical assistance and help build the capacity of the banking supervision function.This was at the request of...
Zeepay, the African fintech leader and game-changer in the mobile money space, has received regulatory approval to bring its revolutionary mobile money services to Gambia, making it the fourth country, alongside Ghana, Zambia, and Ivory Coast.This marks another significant...
Three Ghanaian star-ups, KudiGO, Zuberi and Built have received funding from Google for Start-ups Black Founders Fund for Africa.This was at an event held in Abuja, Nigeria on Tuesday, September 6, 2022, attended by Nigerian government officials, Google representatives...