Fincra Secures Bank of Ghana EPSP License to Power Faster Payments and Remittances

Moving money within and into Ghana is set to become significantly faster following a new regulatory milestone in the country’s payments ecosystem.
A leading fintech infrastructure provider, Fincra,  has announced that it has secured an Enhanced Payment Service Provider (EPSP) license from the Bank of Ghana.  The approval allows the company to aggregate domestic payments, process local transactions, and terminate inbound remittances directly in Ghanaian Cedis (GHS).

The development is expected to simplify payment operations for global businesses, remittance companies, SMEs, and fintechs seeking to operate in West Africa’s growing digital economy. Historically, companies entering Ghana have faced challenges such as fragmented payment rails, unreliable third-party gateways, and delays in payout distribution.

With the new license, Fincra says it is building a more direct connection into Ghana’s financial system through a single API integration. This enables merchants to accept local payments natively and allows international remittance operators to send money into Ghana without relying on fragmented infrastructure.

“Ghana’s digital economy is accelerating rapidly, but the infrastructure to support enterprise-scale payment aggregation and inbound transfers is still too fragmented. 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.”

– Wole Ayodele, CEO, Fincra

Under the EPSP license, the company outlined three core services for enterprise customers. These include direct mobile money and bank collections, allowing merchants to receive payments through platforms such as MTN MoMo, Telecel, and AT as well as local bank transfers, with funds consolidated into Fincra dashboards in real time.

The second service focuses on inbound remittances and payouts, enabling global operators and payroll platforms to settle funds directly into Ghanaian bank accounts and mobile money wallets, with an emphasis on faster and more secure distribution to end users.

The third capability is automated B2B payment aggregation, which allows businesses to issue merchant collection accounts and streamline reconciliation of Ghanaian Cedi payments, reducing inefficiencies in domestic trade.

Fincra noted that operating under the regulatory framework of the Bank of Ghana strengthens its position as a compliant infrastructure provider across multiple markets. The company already supports payment networks across Africa, Europe, and North America, operating in more than 20 markets across the continent, and says the latest approval deepens its presence in West Africa.

The company confirmed that its Ghanaian Cedi (GHS) payment endpoints are now live, with sandbox access and API documentation available for developers, while businesses can begin onboarding to integrate directly into the system.