Accelerex Ghana, a local fintech company offering financial services in Ghana, has been granted an enhanced Payment Service Provider (PSP) license from the Bank of Ghana. With the acquired license, Accelerex Ghana will be able to provide physical e-payment devices, offer merchant acquiring and agency banking solutions in Ghana.

Speaking on the recent acquisition, Chief Executive Officer and Managing Director of Accelerex Ghana, Sebastian Yalley, noted that: “through our continuous product innovation and impeccable attention to customer needs, the company has gradually emerged as the financial technology company of choice for Ghanaian businesses.”

He further stated that, “at Accelerex, standardization and compliance remain the bedrock of our operations across all subsidiaries in Africa. We believe that having this licence from the Bank of Ghana is a demonstration of our commitment to the Ghanaian market, and serves as the foundation for rolling out simple, secure, and convenient e-payment and digital transaction solutions for all customer segments. We intend to use this as a leverage to deepen our existing relationships with our bank clients. In that same spirit of collaboration, we are open to working with other fintech companies to deliver superior value to customers.”

Accelerex Ghana is currently eyeing the retail segment with its new products – RexPay and RexRetail, set to launch in Q2 of 2021.

RexPay is an online payment gateway that helps social media sellers and corporate organizations receive payments in a fast, convenient and secure manner, even without owning a website. Customers will have access to multiple payment options and can make payments seamlessly wherever they are.

RexRetail, an all-in-one solution for small and medium-sized retail shops, helps retailers automate their everyday operations. It is a tool for inventory management, customer relationship management, and accounting. More importantly, RexRetail supports business owners with a reporting and analytics tool that helps them keep track of the performance of their business.

Accelerex Ghana commenced operations in the country in 2019 as a financial technology company offering offline and online payment services to its target markets. Its parent company, Accelerex Holdings, recently secured a US$20million investment from African Capital Alliance to drive new product development and expand to South Africa, Cote d’Ivoire and Tanzania.

Joseph-Albert Kuuire
Joseph-Albert Kuuire is the creator and editor of, an online digital platform focusing on technology in Ghana. Email: [email protected]

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