GHANA – Zeepay, a Mobile Financial Services financial technology (fintech) company, has announced its partnership with Transfast, a Mastercard company and a 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.
“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 to their mobile money wallet,” said Samir Vidhate, SVP MD at Transfast.
“This latest development will further enhance the network of Transfast in Africa. We’re excited to extend our service to Zeepay, a partner that shares our commitment to compliance with local regulations to ensure people can send money safely.”
“Together with Transfast, we are building the future ecosystem of digital payments in Ghana and are delighted to welcome Transfast to our omni channel-wallet payout network in Ghana and greater parts of Africa.”
Andrew Takyi-Appiah – Managing Director, Zeepay
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, and Rwanda. Funds can be sent via any of Transfast’s physical partner locations.
“Together with Transfast, we are building the future ecosystem of digital payments in Ghana and are 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.
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.
“It’s safe as both the sender and receiver are registered and can be traced, hence limiting the propensity of fraud and money laundering. Transfer of remittance across digital channels is the most secured and fraud-free way of transmitting money across borders in today’s rapidly-growing technology world,” Dede Quarshie, Chief Commercial Officer, Zeepay, said.
Zeepay recently partnered with Enterprise Life to provide beneficiary insurance, known as Zeemicro, to remittance senders from the diaspora.
Under Zeemicro, the more than 500,000 Ghanaians in the United Kingdom can now purchase insurance cover for their beneficiaries when sending money home.
Remittance receivers on the policy will benefit from the following: natural death, accident, partial disablement, critical illness and hospital cash income benefit.
Zeepay is the fastest growing fintech in mobile financial services across Africa with operations in Ghana and United Kingdom and terminating to 20 countries across Africa and with termination agreements in over 90 jurisdictions globally.
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