The approval comes six months after the Ghanaian fintech startup raised US$10 million from Symbiotics BV and a Mauritian fund.

Ghanaian fintech startup Zeepay recently received the Central Bank of Zambia's approval to operate in Zambia offering users the possibility to directly send funds from their mobile money wallets to over 150 countries.

According to Andrew Takyi-Appiah (photo), co-founder and managing director of Zeepay, the new service, which is the first of its kind in the world,  is the result of a partnership with Moneygram International. "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," he said.

Zeepay operates in more than 25 countries around the world. Since its launch in 2016, it has grown exponentially. In March 2020, it became the first Ghanaian company to secure an Electronic Money Issuer (EMI) license from Bank of Ghana, the Ghanaian central bank.

In August 2022, it raised US$10 million to enter more African markets and support local banks.

Samira Njoya