Zeepay Zambia has been granted a license by the Central Bank of Zambia to run a ground-breaking new outbound remittance service straight from its Zeepay Mobile Money Wallet. With the aid of this ground-breaking service, Zambians will be able to quickly and securely send money from their mobile money wallets to more than 150 other nations.
This ground-breaking service, which was made possible by a strategic alliance with MoneyGram International, is the first of its kind for mobile money in the whole world.
Zeepay is the largest cross-border payment platform, with operations in over 25 nations worldwide, including those in Europe, the Caribbean, North America, and Africa. It also has collection capabilities in over 20 nations.
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“We are thrilled to make it possible for Zambians to send money abroad via mobile money to over 150 countries in a real-time manner,” said Andrew Takyi-Appiah, Co-Founder and Managing Director of Zeepay. “Our partnership with MoneyGram is helping to make Africa borderless day by day, and we are excited to be at the forefront of this revolutionary change.”
A Look At What The Startup Does
The 2014-founded business enables the processing of numerous mobile phone payments and functions as an aggregator, bringing all transactions from all parties together on a single platform. The business’s main application, which utilises open source software, was created to link different payment systems, banks, retailers, mobile network operators (MNOs), and other businesses with subscriber-based transactions.
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Zeepay has a presence in more than 20 African nations and, in April 2020, became the first locally-owned business to be granted the Electronic Money Issuer (EMI) licence by the Bank of Ghana to operate as a provider of mobile financial services.
The company has operations in the United Kingdom.
“We are a wholly owned Ghanaian company and regulated in the UK by Financial Conduct Authority-FCA # 592538 and in Ghana by Bank of Ghana- #00001. Zeepay supports Sustainable Development Goals (SDG) 3 and is considered a Financial Inclusion Company positioned to improve last mile access,” the startup noted in a statement.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard