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Zambia : Zeepay Ghana acquires Mangwee Mobile Money in Zambia

Zeepay, one of the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 per cent stake in Mangwee Mobile Money Zambia.
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.
Mangwee has been in operations since 2018, and was initially set up to operate as an alternative wallet targeting university students in Zambia with the aim of assisting to drive the cost of mobile money services downward.
Zeepay is the leading African challenger fintech with operations across 20 African countries and 30 day active in 10 of them. ....

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

Zeepay, the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mobile Money Zambia. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the majority shareholder of the entity.

Mangwee has been in operations since 2018, and was initially set up to operate as an alternative wallet targeting university students in Zambia with the aim of assisting to drive the cost of mobile money services downward.

Zeepay is the leading African challenger fintech with operations across 20 African countries and 30 day active in 10 of them. The company specializes in paying remittances into mobile money wallets across Africa and is regulated by both Bank of Ghana as an EMI issuer and in the UK as a Money Transfer Operator, by the Financial Conduct Authority. ....

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Zeepay Ghana Acquires Mangwee Mobile Money in Zambia

Zeepay Ghana Acquires Mangwee Mobile Money in Zambia
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Zeepay Ghana Acquires Mangwee Mobile Money in Zambia

Zeepay Ghana Acquires Mangwee Mobile Money in Zambia
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

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Zeepay Ghana Acquires Zambian Mobile Money Platform - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

“The merger is the first of its kind – that two indigenous African fintech companies in mobile money operations have come together to grow. It represents a wind of change ongoing on the African continent,” reads a statement from Zeepay.
Managing Director of Zeepay, Andrew Takyi-Appiah believes that this deal will allow Zeepay to expands its operations through Southern Africa. He says “this will give Zeepay access to Mozambique, Malawi, Angola and Namibia amongst others in our efforts to capture Africa’s $70billion remittance market and opportunity to deploy our award-winning products.”
Chairman of Zeepay, Paa Kwasi Yankey backs up this sentiment. He told ....

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