[Ghana] Fincra secures Enhanced Payment Service Provider licence

The Nigerian payment infrastructure provider Fincra has announced that it has officially secured an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana, Tekedia reports.

The move marks a significant step in its West African expansion strategy. Fincra stated that Ghana remains a key hub for cross-border trade, remittances, payroll processing, vendor payments, digital commerce, and one of Africa’s most vibrant mobile money ecosystems.

The EPSP licence reportedly allows Fincra to support businesses by providing regulated GHS collections, instant payouts, and merchant accounts in Ghana.

In a LinkedIn post, Fincra said, “We have officially secured an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana. Ghana plays a major role in how money moves across West Africa: cross-border trade, remittances, payroll, vendor payments, digital commerce, and one of the continent’s most active mobile money economies.”

Businesses operating in or expanding into Ghana, and those facilitating transactions across the Nigeria-Ghana corridor, will now be able to access a broader range of financial infrastructure services through Fincra’s platform.

Source: Tekedia

(Quote via original reporting)

The Nigerian payment infrastructure provider Fincra has announced that it has officially secured an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana, Tekedia reports.

The move marks a significant step in its West African expansion strategy. Fincra stated that Ghana remains a key hub for cross-border trade, remittances, payroll processing, vendor payments, digital commerce, and one of Africa’s most vibrant mobile money ecosystems.

The EPSP licence reportedly allows Fincra to support businesses by providing regulated GHS collections, instant payouts, and merchant accounts in Ghana.

In a LinkedIn post, Fincra said, “We have officially secured an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana. Ghana plays a major role in how money moves across West Africa: cross-border trade, remittances, payroll, vendor payments, digital commerce, and one of the continent’s most active mobile money economies.”

Businesses operating in or expanding into Ghana, and those facilitating transactions across the Nigeria-Ghana corridor, will now be able to access a broader range of financial infrastructure services through Fincra’s platform.

Source: Tekedia

(Quote via original reporting)