Financial technology company Nsano has received an enhanced payment service provider licence from the Bank of Ghana.

Nsano has become the first company to have been granted the Bank of Ghana Payment Service Provider (Enhanced) License.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The fintech firm already offers merchant payment solutions and remittance services in the country.

It has been playing the role of an aggregator in connecting various entities to the nation’s mobile money operators.

The licence will allow the company to offer services such as electronic funds transfer, facilitate interoperability of payment systems and services, and payment system aggregation.

It will also allow the company to provide electronic platforms for payment or receipt of funds, and offer technological services to enable switching, routing, clearing and data management.

Kofi Owusu-Nhyira, a director of Nsano, said that it was privileged to serve the country, particularly in such times when the Covid-19 pandemic has revealed the true essence of digital financial services.

He also said that the company will play its part in innovating and adapting in response to the country’s financial technology service needs during these unusual times, and support the Bank of Ghana in leveraging digital channels to minimise risks and operational disruptions to both customers and providers of financial services.

Apart from Ghana, Nsano recently also commenced operations in various other African markets such as Zambia, Uganda and Cote d’Ivoire.

The company aims to process 50% of Africa’s GDP by 2025.