The Bank of Ghana (BoG) has issued its first Dedicated Electronic Money Issuer licence, to a local Financial Technology (Fintech) company, Zeepay Ghana Ltd.

In a statement Thursday, the Bank of Ghana said the move is part of efforts to deepen financial inclusion in the country.

According to the BoG, the licence authorizes Zeepay Ghana Ltd, to operate as a Dedicated Electronic Money Issuer, providing the following services: Cash In, Cash Out, P2P Transfers (Peer to Peer), Bill Payments, Airtime Top-Up and International Money Transfer (IMT).

The Bank of Ghana has, therefore, reiterated its commitment to providing an enabling environment for Fintechs, industry players and other stakeholders, to operate in the payment services space in Ghana.