The Bank of Ghana (BoG) in a notice to banks, specialized deposit-taking institutions, electronic money issuers, payment service providers, and the general public announced the list of approved companies to operate as electronic money issuers and payment service providers for business transactions in the country.
“Following the passage of the Payment Systems and Services Act, 2019 (Act 987) and the publication of Notice number BG/GOV/SEC/2020/07 on Licensing Application Pack for Payment Service Providers, the Bank of Ghana announces for the information of the general public that the institutions listed below have received regulatory approval to operate as payment service providers…” the Bank of Ghana notice read.
The approved list has been divided into two main categories and they include:
Dedicated electronic money issuers
1. Airtel Mobile Commerce (Ghana) Limited
2. GCB G-Money
3. Yup Ghana Limited
4. Vodafone Mobile Financial Services Limited
5. Zeepay Ghana Limited
Payment service providers
1. AppsNmobile Solutions Limited
2. Bsystems Limited
3. Cellulant Ghana Limited
4. Dreamoval Limited
5. Emergent Payments Ghana Limited
6. Etranzact Limited
7. ExpressPay Ghana Limited
8. Fast Pace Transfer Limited
9. Global Accelerex Ghana Ltd
10. Halges Financial Technologies Limited
11. Hubtel Limited
12. IT Consortium Limited
13. MFS Ghana Limited
14. Moolre Limited
15. Nfortics Ghana Limited
16. Nsano Limited
17. PaySwitch Ghana Limited
18. Transsnet Payments Ghana Limited
19. Techfin Innovations Ltd
20. ZappGhana Limited
21. Titan Payment Systems
This means, only the above-listed firms are allowed to process electronic payment transactions.
