Omanghana
Fincra, the Nigeria-based payments infrastructure provider, has officially secured an Enhanced Payment Service Provider (EPSP) license from the Bank of Ghana, strengthening its expansion across Africa’s fast-growing digital payments market.
The approval, granted on May 6, 2026, gives Fincra direct access to Ghana’s financial system, allowing the company to operate without relying on third-party intermediaries for payment processing. The move is expected to improve transaction reliability, settlement speed, and payment efficiency for businesses operating in Ghana.
Under the new EPSP license, Fincra will provide several services targeted primarily at B2B and enterprise clients. These include direct local payment collections, enabling merchants to accept payments through major mobile money networks such as MTN MoMo, Telecel Cash, and AirtelTigo Money, alongside local bank transfers.
The company will also support faster inbound remittance services, allowing global payroll providers and remittance platforms to send funds directly into Ghanaian bank accounts and mobile wallets with near-instant settlement capabilities.
In addition, Fincra plans to offer automated B2B aggregation services that allow businesses to issue merchant collection accounts in Ghanaian Cedis (GHS). Through a unified API, companies will be able to streamline domestic trade payment reconciliation and improve transaction management across multiple channels.
The Ghanaian expansion forms part of Fincra’s broader ambition to build a unified payment infrastructure network connecting African markets with international financial systems. The latest regulatory milestone follows the company’s acquisition of a Canadian Payment Service Provider license in March 2026 and a separate Tanzanian operating license obtained in mid-2025.
Ghana represents one of Africa’s most active digital payments markets. According to industry data, the country processed approximately $170 billion worth of mobile money transactions in 2023, equivalent to about GH¢1.912 trillion, highlighting the scale of opportunity within the sector.
With operations now spanning more than 20 African markets, Fincra is positioning itself among a growing group of fintech firms reshaping Africa’s payment ecosystem, alongside major regional players such as Flutterwave and Paystack.
The company confirmed that its Ghanaian cedi payment endpoints are already live, with sandbox access currently available for developers and businesses seeking to integrate the platform into their payment operations.
Source: Omanghana
