Zeepay responds to BoG licence revocation, says it is working towards resolution
Zeepay Ghana Limited has broken its silence following the revocation of its Dedicated Electronic Money Issuer (DEMI) licence by the Bank of Ghana, assuring customers, employees, agents and merchants that it is committed to an orderly and transparent resolution of the matter.
The revocation has triggered reactions from industry stakeholders, with the Digital Chamber of Ghana backing the central bank’s action while assuring the public that the development relates to one institution and does not undermine confidence in Ghana’s broader digital payments ecosystem.
The statement follows the Bank of Ghana’s decision to revoke Zeepay’s DEMI licence over what it described as breaches of regulatory requirements under the Electronic Money Issuance Guidelines and the Payment Systems and Services Act, 2019 (Act 987).
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