Hubtel, a local fintech company, has received a full and final license from the Bank of Ghana (BoG) to operate as a Payment Service Provider (Enhanced) in Ghana.
The Bank Of Ghana currently requires finance institutions including fintech companies to provide the legal and regulatory framework for the orderly development of payment systems in Ghana. Companies can apply for different licenses based on the services they want to provide.
The granting of Hubtel’s Enhanced Payment Service license confirms that Hubtel’s payment processing operations are compliant with the standards of the central bank of Ghana.
Commenting on the occasion, the General Manager of Hubtel, Ernest Apenteng, said, “We are indeed happy to receive our final operating license from the Bank of Ghana. For us, this occasion is a major comfort and milestone for the leadership at Hubtel.
“It also shows our commitment and belief in Ghana’s emerging digital economy. Our clients, customers, partners and indeed our regulators should trust, and rest assured, that Hubtel intends to remain compliant with all regulations that govern our operations, this already is, and will remain, a responsibility of all staff and stakeholders of Hubtel.”
