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Zeepay Ghana Acquires Zambian Mobile Money Platform

Image sourced from Modern Ghana Zeepay Ghana has revealed its plans to acquire a majority stake (51%) in Zambian company Mangwee Mobile Money – although, it is not yet known how much Zeepay paid for the majority stake. “The merger is the first of its kind – that two indigenous African fintech companies in mobile money operations have come together to grow. It represents a wind of change ongoing on the African continent,” reads a statement from Zeepay. Managing Director of Zeepay, Andrew Takyi-Appiah believes that this deal will allow Zeepay to expands its operations through Southern Africa. He says “this will give Zeepay access to Mozambique, Malawi, Angola and Namibia amongst others in our efforts to capture Africa’s $70billion remittance market and opportunity to deploy our award-winning...