Introduction
Ghana’s financial landscape has undergone a significant transformation, with digital payments becoming an integral part of daily transactions. The Bank of Ghana (BoG) plays a pivotal role in regulating and approving entities that offer electronic money and payment services, ensuring a secure and efficient payment ecosystem. This article provides an updated list of approved payment service providers and electronic money issuers in Ghana as of February 2025.
Approved Electronic Money Issuers
Electronic Money Issuers (EMIs) are institutions authorized to issue electronic money, facilitating digital transactions for individuals and businesses. The following EMIs have received approval from the Bank of Ghana:
- Airtel Mobile Commerce (Ghana) Limited
- Service: Operators of AirtelTigo Money, offering mobile money services across Ghana.
- GCB G-Money
- Service: A subsidiary of GCB Bank, providing mobile financial services under the G-Money brand.
- Yup Ghana Limited
- Service: Offers digital payment solutions tailored to the Ghanaian market.
- Vodafone Mobile Financial Services Limited
- Service: Operators of Vodafone Cash, facilitating mobile money transactions nationwide.
- Zeepay Ghana Limited
- Service: Specializes in mobile financial and remittance services, enabling seamless cross-border transactions.
Approved Payment Service Providers
Payment Service Providers (PSPs) offer platforms and solutions that enable businesses and individuals to perform electronic transactions. The following PSPs are licensed by the Bank of Ghana:
- AppsNmobile Solutions Limited
- Service: Provides integrated payment solutions for businesses, including mobile and online payment processing.
- Bsystems Limited
- Service: Offers electronic payment platforms and software solutions for financial institutions.
- Cellulant Ghana Limited
- Service: Delivers digital payment services connecting consumers and businesses across various sectors.
- DreamOval Limited
- Service: Develops innovative payment platforms, including Slydepay, facilitating online and mobile transactions.
- Emergent Payments Ghana Limited
- Service: Provides global payment solutions tailored for local markets, enhancing e-commerce capabilities.
- Etranzact Limited
- Service: Offers a suite of electronic payment services, including mobile banking and internet payment gateways.
- ExpressPay Ghana Limited
- Service: A leading payment gateway and e-commerce marketplace, enabling seamless online transactions.
- Fast Pace Transfer Limited
- Service: Specializes in remittance services, allowing for quick and secure international money transfers.
- Global Accelerex Ghana Ltd
- Service: Provides point-of-sale (POS) solutions and payment terminals for merchants.
- Halges Financial Technologies Limited
- Service: Develops financial technology solutions, including payment gateways and mobile banking applications.
- Hubtel Limited
- Service: Offers comprehensive payment services, including SMS, e-commerce, and mobile money integrations.
- IT Consortium Limited
- Service: Provides a range of digital payment solutions, including platforms for banks and other financial institutions.
- MFS Ghana Limited
- Service: Specializes in mobile financial services, offering platforms for mobile banking and payments.
- Moolre Limited
- Service: Develops digital payment solutions aimed at enhancing financial inclusion.
- Nfortics Ghana Limited
- Service: Provides cloud-based payment platforms and financial technology services.
- Nsano Limited
- Service: Offers mobile and digital payment solutions, focusing on interoperability and financial inclusion.
- PaySwitch Ghana Limited
- Service: Delivers payment processing services, including switching and transaction routing for financial institutions.
- Transsnet Payments Ghana Limited
- Service: Provides mobile payment services, aiming to enhance the digital payment landscape in Ghana.
- Techfin Innovations Ltd
- Service: Develops innovative financial technology solutions, including payment gateways and digital wallets.
- ZappGhana Limited
- Service: Offers electronic payment services, focusing on simplifying transactions for businesses and consumers.
- Titan Payment Systems
- Service: Provides secure payment processing solutions for merchants and financial institutions.
Conclusion
The digital payment ecosystem in Ghana is robust and continually evolving, with the Bank of Ghana ensuring that only qualified and compliant institutions operate within the space. Businesses and consumers are encouraged to engage with these approved entities to ensure secure and efficient transactions. For the most current information and any updates, refer to the official Bank of Ghana website.
Note: This list is based on information available as of February 2025. For the latest updates and additional details, please consult the official Bank of Ghana communications.