Zeepay, a fast-growing fintech and an Electronic Money Issuer (Mobile Money Company), has opened its flagship branch in Kasoa – currently one of the fastest-growing cities in Ghana and West Africa.
The area, due to the high number of returnees living in it and the high rate of remittance receivers located there, is presently considered as a remittance epicenter; thus justifying Zeepay’s decision to set up its first branch in the Kasoa locality.
Zeepay Mobile Money is the fastest-growing remittance to mobile money wallet provider in Ghana. Initially, it started out as a fintech six years ago until it was recently licenced by the Bank of Ghana to operate as a Mobile Money company.
Andrew Takyi-Appiah, Managing Director Zeepay said: “Over the last two years, we have seen over 200,000 remittance transactions go into the Kasoa municipality and its environs annually. This decision is one of the major influencing factors that drove us to set up in the area.
“At Zeepay Mobile Money, our strategy remains the same as our founding principles – which is to help reduce the cost of remittances on both the send and receive sides. We believe we have achieved this today by making it possible to pay international money transfers directly into Zeepay Mobile Money,” he said at the opening.
Dede Quarshie, Chief Commercial Officer-Zeepay, speaking about the service said: “With the introduction of our Zeepay Mobile Money service, we are able to reduce cost of remittance at the last mile by 20 percent. We are delighted that our receivers and subscribers can benefit from the savings, especially in this period of pandemic.
“Our services include Airtime for all networks both in Ghana and abroad, ability to fund your Zeepay Mobile Money using your VISA Card, or from all Networks and regular Cash In and Out at Agents points including Banking Halls and ATMs. We look forward to opening up additional concept stores nationwide over the next six months,” she said.
Felicity L. Jaforktuk, Mobile Money Product Manager mentioned that: “Our Zeepay Mobile Money is designed such that we leverage existing distribution in the market, which gives us access to an over-150,000 agents network nationwide. Our services are also interoperable and available for use by all.
“You don’t need a SIM card; rather, all you need is an active phone number and to dial *270# to register and use the service. Our service is truly ubiquitous, and since opening our doors in July we currently have about 101,000 subscribers and have processed over GH¢500million in volume already. We anticipate closing the year with about 500,000 subscribers, and thanks to all for believing in the freedom we bring to market.”
Zeepay is the fastest-growing fintech into Mobile Financial Services across Africa, with Operations in Ghana and the United Kingdom and terminating to 20 countries across Africa; and with termination agreements in over 90 jurisdictions globally.
The company specialises in remittance termination into mobile wallets, and is completely network and partner impartial. As a wholly Ghanaian-owned company, it is regulated by the Bank of Ghana and also regulated in the UK by the Financial Conduct Authority (FCA). Zeepay supports Sustainable Development Goal (SDG) 3 and is considered a financial inclusion company positioned to improve last-mile access.
