Zeepay Ghana: An Indigenous African Fintech’s Fall From Grace

Zeepay Ghana: An indigenous African fintech’s fall from grace

Zeepay emerged about 12 years ago with the core objective of narrowing the gap in cross-border payments and reducing high remittance fees, which were, on average, 10-15% of the principal amount sent, Forbes reported in 2024. When it began operations, the indigenous African brand, founded in Ghana, focused on partnering with remittance service providers that...

Zeepay pledges to cooperate with Bank of Ghana after licence revocation

Zeepay pledges to cooperate with Bank of Ghana after licence revocation Featured GraphicOnline Business News Jul – 15 – 2026 , 16:01 Zeepay Ghana Limited has pledged to work closely with the Bank of Ghana and all relevant stakeholders to ensure an orderly, transparent and responsible approach following the revocation of its Dedicated Electronic Money Issuer Licence. In a public statement issued on July 15, 2026, the co…

How Ghana's Fintech Darling Lost Its Licence—And Trust—In A Matter Of Days

Bank of Ghana officials and police officers were seen at the headquarters of Ghanaian fintech, Zeepay, on Tuesday, a day after the central bank revoked the fintech firm’s electronic money licence in a dramatic escalation of one of the country’s most high-profile fintech collapses. The Bank of Ghana announced on Tuesday that it had revoked Zeepay’s Dedicated Electronic Money Issuer (DEMI) licence with immediate effect, citing “multiple regulatory…

Bank of Ghana revokes Zeepay Ghana’s electronic money licence

The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) Licence of Zeepay Ghana Ltd, effective Tuesday, July 14, 2026. The central bank said the decision was taken under Section 13 of the Payment Systems and Services Act, 2019 (Act 987), following multiple regulatory breaches and Zeepay’s continued failure to comply with regulatory directives and the terms of its licence. According to the Bank of Ghana, Zeepay issued ele…

Zeepay’s dedicated e-money licence revoked over unbacked balances

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Zeepay licence revoked over regulatory breaches

By Franklin ASARE-DONKOH The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) licence of Zeepay Ghana Limited with immediate effect. The regulatory action affects one of West Africa’s prominent fintech companies following its alleged failure to comply with national financial regulations. According to a public notice issued by the central bank on Tuesday, July 14, 2026, the licence was revoked under Section 13 of the P…