GTBank, Ria and Zeepay bring money transfer to mobile money wallet

Guaranty Trust Bank (Ghana) Limited (GTBank) and Ria Money Transfer (Ria) have teamed up with Zeepay, a leading African Fintech giant, to enable Ria customers worldwide to send money directly into beneficiaries’ mobile money wallets across operators in Ghana.

The innovative Ria2Mobile service is part of a bold initiative launched by GTBank and Ria in 2017 that enabled customers to receive remittances straight into their GTBank accounts.

Speaking at the launch, GTBank’s General Manager and Divisional Head for General Internal Services, Iris Richter-Addo said: “Ria2Mobile is a game-changing solution that offers beneficiaries the convenience and security of receiving remitted funds directly into their mobile money wallets anywhere in Ghana.

“The service is a major boost to Ghana’s financial inclusion agenda and supports the collective drive to promote a cash-lite economy. GTBank is delighted to partner Ria and Zeepay to champion this service, in line with our bold digital banking agenda to make world-class banking services available to every Ghanaian.”

Director of Operations for Africa at Ria, Robert Kotei, in his comments said: Ria customers across the world can now send money directly into about 13 million mobile money wallets in Ghana. This partnership offers Ria the opportunity to bring another quick and convenient way for our customers to receive funds, in line with our commitment to providing a superior omnichannel experience to our cherished beneficiaries in Ghana”.

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In 2018, an estimated US$3billion was remitted into Ghana, contributing more to the country’s GDP than most exported resources – including gold and cocoa.

Category Business Manager for Zeepay, Dede Quarshie, indicated that the service will contribute to expanding the financial inclusion ecosystem. She commented: “Remittance is the fastest-growing Mobile money-use case in Africa. It offers beneficiaries the opportunity to have access to digital wallets and join the financial inclusion ecosystem. We are happy to partner GTBank and Ria to provide mobile money as an option for our remittance customers, as a way of improving last-mile access in Ghana.

“Through the partnership, we hope to contribute in meeting the Sustainable Development Goal 3 (SDG3) aimed at making the world a better place. Thanks to GTBank and Ria for this wonderful opportunity.”

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