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
Yup Ghana Limited
Vodafone Mobile Financial Services Limited
Zeepay Ghana Limited
Payment service providers
AppsNmobile Solutions Limited
Cellulant Ghana Limited
Emergent Payments Ghana Limited
ExpressPay Ghana Limited
Fast Pace Transfer Limited
Global Accelerex Ghana Ltd
Halges Financial Technologies Limited
IT Consortium Limited
MFS Ghana Limited
Nfortics Ghana Limited
PaySwitch Ghana Limited
Transsnet Payments Ghana Limited
Techfin Innovations Ltd
Titan Payment Systems
Source: Nii Larte Lartey / citinewsroom.com