Zeepay Ghana Limited has issued a public statement acknowledging the revocation of its Dedicated Electronic Money Issuer (DEMI) Licence by the Bank of Ghana, stating that it is working closely with the regulator and all relevant stakeholders to ensure an orderly, transparent, and responsible resolution.
The statement comes after the Bank of Ghana’s disclosure yesterday on the revocation of Zeepay Ghana’s DEMI licence due to persistent contraventions of its licensing regulations and Zeepay’s failure to comply with directives to inject sufficient funds to fully back the e-money balances of customers, agents, and merchants, as well as its failure to wind down its e-money issuance business as directed.
In its response, Zeepay Ghana stated that it recognises the concerns the development may cause and expressed appreciation for the patience, understanding, and continued cooperation of its customers, employees, agents, merchants, partners, and the wider public during the period.
The company further stated that it remains committed to acting responsibly, maintaining open and transparent communication, and working constructively with the Bank of Ghana and all relevant stakeholders towards an orderly resolution.
Zeepay Ghana Limited is a Ghanaian financial technology company that operates as a mobile money wallet and remittance service.
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