Zeepay Ghana Limited has assured customers, agents and business partners that it is working with the Bank of Ghana (BoG) and other stakeholders to ensure an orderly and transparent wind-down of its mobile money operations following the revocation of its Dedicated Electronic Money Issuer (DEMI) licence.
The assurance comes a day after the Bank of Ghana withdrew the fintech company’s licence with immediate effect, citing repeated regulatory breaches, including failures to maintain adequate cash backing for electronic money issued, comply with directives to protect customer funds, and implement an earlier order to wind down its e-money business.
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In a public statement, Zeepay acknowledged the regulator’s decision, saying it was committed to handling the process responsibly.
“Zeepay Ghana Limited is working closely with the Regulator and all relevant stakeholders to ensure an orderly, transparent and responsible approach following the revocation
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