Zeepay, Transfast to extend local remittance reach and beyond


Zeepay (myzeepay.com), a fast-growing fintech into Mobile Financial Services across Africa, has announced its partnership with Transfast – a Mastercard company and leading cross-border payments service provider.

This partnership will enable consumers around the world to send money directly to more than 20 million mobile money wallets in Ghana, with speed, security and certainty.

Transfast processes remittances through its proprietary direct-to-bank network and offers nearly 300,000 cash payout points, as well as bank account and mobile wallet transfers in 100+ markets and growing.  Funds can be sent via any of Transfast’s physical partner locations.

This strategic collaboration gives Transfast access to Ghana as well as over 20 other countries across Africa: such as Nigeria, Guinea Conakry, Mozambique, Ivory Coast, Uganda, Rwanda among others.

“The partnership with Zeepay makes it easier for our consumers to send money to their families and friends in Ghana. This is an important step that will drive financial inclusion across the country – as consumers can now securely and conveniently receive remittances directly into their mobile money wallet,” said Samir Vidhate, SVP MD at Transfast.

“Together with Transfast, we are building the future ecosystem of digital payments in Ghana and delighted to welcome Transfast to our omni channel-wallet payout network in Ghana and greater parts of Africa,” said Andrew Takyi-Appiah, Managing Director at Zeepay.

Dede Quarshie, Chief Commercial Officer Zeepay, speaking about the service said: “It’s safe as both the sender and receiver are registered and can be traced, hence limiting the propensity for fraud and money laundering. Transfer of remittances across digital channels is the most secured and fraud-free way of transmitting money cross-border in today’s rapidly growing technology world”.

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