Ghanian funds firm Cross Swap Ghana LTD , and Cross Swap Worldwide S.A.R.L. have introduced that Cross Swap Ghana LTD has obtained approval from the Financial institution of Ghana to function as an Enhanced Fee Service Supplier
With the EPSP approval, Cross Swap is ready to leverage its funds and know-how infrastructure to digitise service provider funds, collections and disbursements for ecommerce, remittances in addition to for monetary inclusion.
Mr. Saqib Nazir, CEO of Cross Swap Ghana stated “Cross Swap Ghana, as a part of the Cross Swap Group of Firms, is worked up about this subsequent step of our journey as an EPSP. We look ahead to tapping into the Group’s information base and experience to offer revolutionary options to the challenges that rising markets face. We count on to contribute considerably to the digital funds ecosystem in Africa and thus contribute to Africa’s growth.”
The funds house in Ghana has been rising because the Financial institution of Ghana launched the Fee Methods and Companies Act (2019) and the Nationwide Fee Methods Strategic Plan (2019-2024) to create an enabling regulatory atmosphere which fosters environment friendly funds, improves monetary inclusion and enhances monetary improvements. Concurrently, there was sturdy progress in cell cash in addition to different funds mechanisms.
Retailers are more and more on the lookout for revolutionary, strong and scalable providers reminiscent of these offered by Cross Swap Ghana. These providers will allow retailers and companions to attach and attain out to a wider buyer base with state-of-the-art providers.
Cross Swap Worldwide S.A.R.L. , led by Tim Davis, is a pan-African centered fintech with in depth information and expertise managing fee programs throughout rising markets.
The corporate has developed a state-of-the-art funds platform (CS+) which is being deployed each inside Africa and throughout different markets. Cross Swap has acquired and established numerous African know-how and funds companies. Its know-how helps all fee strategies utilised throughout the African continent. Enabling native and worldwide retailers to ship and obtain monies inside native markets, throughout Africa and into and out of Africa.
Cross Swap has established and invested in firms in Benin, Egypt, Ghana, Kenya, Morocco, Nigeria and South Africa. It’s increasing quickly throughout Africa via inexperienced area ventures, partnerships and acquisitions, with a concentrate on Western Africa. Cross Swap just lately introduced its acquisition of a 50% stake in Vantage Fee Methods, a number one Moroccan fintech offering on-line fee options.
Cross Swap’s CEO, Tim Davis, remarked “We’ve witnessed the evolution of Cross Swap Ghana from an area fintech firm to a licensed Enhanced PSP. Sharing a typical set of values and a typical mission to democratize know-how and drive social impression throughout Africa. With their distinctive workforce and confirmed capacity to offer related value-added providers, we imagine the corporate will excel within the fast-moving fintech house.”