Browsing: Payments

The leading African Challenger Fintech, Zeepay, has acquired Mangwee Mobile Money in Zambia.

In a deal that was completed on Friday, April 16, 2021, Zeepay acquired a 51 per cent stake in Mangwee Mobile Money.

Zeepay is the fastest growing fintech focusing on digital rails to connect digital assets such as mobile money Wallets, Cards, ATMs, Bank Account and Digital Tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments.

It is a Mobile Financial Services Company with Offices around the World including the United Kingdom and regulated by the Financial Conduct Authority and other Regulators across Africa.

In a private placement, Zeepay and Mangwee agreed to a sale of 51 per cent of Mangwee shares to Zeepay.

The deal makes Zeepay Ghana the majority shareholder of the entity.

Zeepay Ghana Acquires Mangwee Mobile Money In Zambia, Creating An Indigenous African Love Story - Ameyaw Debrah

According to Zeepay, the move to invest in Mangwee is part of their global strategy to expand their …