Zeepay, a remittance fintech based in Ghana, has been granted approval by the Central Bank of Zambia to operate in the country.
The Central bank granted approval for the start-up to operate a new remittance outbound service directly from its Zeepay Mobile Money Wallet.
The fintech established a partnership with Moneygram to help with its remittance efforts.
“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.”
Last year, Zeepay raised $10 million as part of its expansion efforts and also entered the Ethiopian market.