Fincra has officially secured an Enhanced Payment Service Provider (EPSP) license from the Bank of Ghana (BoG), allowing the payment infrastructure company to aggregate domestic payments, process local transactions, and terminate inbound remittances in Ghanaian Cedis (GHS).
For global businesses, remittance companies, SMEs, and fintechs expanding into West Africa, operating in Ghana has historically meant dealing with fragmented local payment rails, third-party gateway failures, and delayed payout distribution.
With this EPSP license, Fincra is creating a direct link to the businesses that need this service.
Businesses can now use a single Fincra API integration to plug directly into Ghana’s financial ecosystem.
This allows merchants to natively accept local payments, and gives global remittance operators a licensed, high-speed rail to send money into Ghana without relying on patchwork infrastructure.
“Ghana’s digital economy is accelerating rapidly, but the infrastructure to support enterprise-scale payment aggregation and inbound transfers is still too fragmented,” said Wole Ayodele, CEO of Fincra.
“Getting the green light from the Bank of Ghana means we can finally give our merchants a direct, high-speed rail into this market.
Whether a business needs to collect mobile money locally, or a global platform needs to drop remittances directly into Ghanaian bank accounts, we are removing the friction.”
The EPSP license empowers Fincra to offer three heavily well needed services for B2B and enterprise network:
● Direct MoMo & Bank Collections: Merchants can now collect payments natively via MTN MoMo, T elecel, A T , and local bank transfers, aggregating funds directly into their Fincra dashboards with enterprise-grade reliability.
● Inbound Remittances & Fast Payouts: Global remittance operators and payroll platforms can use Fincra to terminate inbound transfers directly into local Ghanaian bank accounts and mobile money wallets.
This ensures funds entering Ghana are distributed to end-users instantly and securely.
● Automated B2B Payment Aggregation: Foreign and local businesses can leverage
Fincra’s regulated rails to issue merchant collection accounts, completely automating the reconciliation of local GHS payments and making domestic trade effortless.
Operating under the strict regulatory framework of the Bank of Ghana reinforces Fincra’s position as a fully compliant, enterprise-grade infrastructure provider.
The company
already powers major payment networks across Africa, Europe, and North America, operating in over 20 markets in Africa and this latest regulatory nod firmly anchors Fincra’s
operational capabilities in West Africa.
Fincra’s GHS endpoints are officially live.
Developers can access the sandbox environments and API documentation immediately, and businesses can contact the Fincra team to spin up their GHS rails.
For documentation and integration guides, visit: fincra.com
