BoG releases list of approved e-money issuers, payment service providers

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Ernest Addison , governor of the Bank of Ghana, speaks during a news conference to in Accra, Ghana, on Monday, Sept. 21, 2018. Photographer: Ruth McDowell/Bloomberg

The Bank of Ghana (BoG) has released the list of regulated companies approved to operate as electronic money issuers and payment service providers for business transactions in the country.

They include five dedicated electronic money issuers and 21 payment service providers.

This follows the passage of the Payment Systems and Services Act, 2019 (Act 987) in accordance with the licensing application pack for payment service providers.

The Act amended and consolidated the laws relating to payment systems, payment services and to regulate institutions that carry on payment service and electronic money business and to provide for related matters.

According to the Central Bank, these institutions have received regulatory approval to do business with the public.

Below is the full list of approved firms. Further details of the institutions are also provided here.

Dedicated electronic money issuers

Airtel Mobile Commerce (Ghana) Limited

GCB G-Money

Yup Ghana Limited

Vodafone Mobile Financial Services Limited

Zeepay Ghana Limited

Payment service providers

AppsNmobile Solutions Limited

Bsystems Limited

Cellulant Ghana Limited

Dreamoval Limited

Emergent Payments Ghana Limited

Etranzact Limited

ExpressPay Ghana Limited

Fast Pace Transfer Limited

Global Accelerex Ghana Ltd

Halges Financial Technologies Limited

Hubtel Limited

IT Consortium Limited

MFS Ghana Limited

Moolre Limited

Nfortics Ghana Limited

Nsano Limited

PaySwitch Ghana Limited

Transsnet Payments Ghana Limited

Techfin Innovations Ltd

ZappGhana Limited

Titan Payment Systems

Source: Nii Larte Lartey / citinewsroom.com

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