Chipper Cash, a cross-border payments app, has received authorization from the Bank of Ghana to provide remittance services from the US to Ghana.
Last year, the payment startup was approved and given an Enhanced Payment Service Provider License by the BoG to begin operations.
Dion Jon Taylor Samson, CEO of Chipper Cash in Ghana stated in an interview that Chipper Cash would comply with all the regulations associated with providing the inward remittance service which was a major contributor to national income.
“It is important for us fintechs to continuously work with the Central Bank not only to fully comply but also to make them aware of all our activities so that they may share in our vision and also provide advice and guidance“, he stated in an interview.
According to the World Bank, Ghana recorded a US$ 4.5 billion in remittances, in 2021, which was the second-highest in sub-Saharan Africa.
