Nigerian payments infrastructure company Fincra recently obtained an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana giving businesses direct, regulated access to one of West Africa’s most advanced digital payment markets.
What the Fincra Ghana Payment Licence Unlocks
The EPSP licence allows Fincra to collect payments, process transactions, and receive inbound remittances in Ghanaian cedis(GHS) all without relying on a third-party local intermediary. For businesses processing high volumes across Africa, that means fewer bottlenecks, faster settlements, and more reliable infrastructure.
Three capabilities are now live for Fincra merchants operating in Ghana:
1. Direct mobile money and bank collections Businesses can now accept payments via MTN MoMo, Telecel Cash, AirtelTigo Money, and local bank transfer networks — all consolidated in real time inside Fincra’s dashboard.
2. Faster inbound remittances and local payouts. Global remittance platforms and payroll systems can settle directly into Ghanaian bank accounts and mobile money wallets, cutting the delays typically caused by intermediary processors.
3. Automated GHs payment aggregation: Enterprises can create local cedis-denominated collection accounts with automated reconciliation and API-driven collections management, a cleaner solution for managing local receivables at scale.
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Why Ghana Is a High-Priority Market
Ghana combines high mobile money adoption, functioning banking rails, and strong regulatory oversight making it one of Africa’s most attractive digital payments markets. Informal cross-border trade between Ghana and nearby countries reached GH¢7.4 billion ($661 million) in Q4 2024 alone, according to the Ghana Statistical Service.
Fincra CEO Wole Ayodele said the licence removes a key layer of friction: businesses can now collect mobile money locally or drop remittances directly into Ghanaian bank accounts on a single, regulated infrastructure.
Part of a Broader Expansion
The Ghana licence follows Fincra’s Payment Service Provider approval in Canada earlier this year. The company that was founded in 2021 already holds licences in South Africa and Tanzania, supports 30+ currencies, and covers 150+ countries. With Flutterwave and Paystack also licensed in Ghana, the country is fast becoming a benchmark market for African fintech regulation.
For developers and enterprises, Fincra’s Ghana endpoints are now live.
