View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 12, 2020

Nsano secures payment service provider licence in Ghana

Financial technology company Nsano has received an enhanced payment service provider licence from the Bank of Ghana.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Nsano has become the first company to have been granted the Bank of Ghana Payment Service Provider (Enhanced) License.

The fintech firm already offers merchant payment solutions and remittance services in the country.

It has been playing the role of an aggregator in connecting various entities to the nation’s mobile money operators.

The licence will allow the company to offer services such as electronic funds transfer, facilitate interoperability of payment systems and services, and payment system aggregation.

It will also allow the company to provide electronic platforms for payment or receipt of funds, and offer technological services to enable switching, routing, clearing and data management.

Kofi Owusu-Nhyira, a director of Nsano, said that it was privileged to serve the country, particularly in such times when the Covid-19 pandemic has revealed the true essence of digital financial services.

He also said that the company will play its part in innovating and adapting in response to the country’s financial technology service needs during these unusual times, and support the Bank of Ghana in leveraging digital channels to minimise risks and operational disruptions to both customers and providers of financial services.

Apart from Ghana, Nsano recently also commenced operations in various other African markets such as Zambia, Uganda and Cote d’Ivoire.

The company aims to process 50% of Africa’s GDP by 2025.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International