Is Chipper Cash Legal?

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is chipper cash legal – Chipper money, a go-border payments app used with the aid of over five million individuals right through Africa and its diaspora has acquired authorization from the bank of Ghana (bog) to provide remittance capabilities from the U.S. of the usa to the country.

The approval follows on the heels of the fintech being granted an better price provider provider License with the aid of the bathroom to start business operations in Ghana in August 2021.

In an interview, the executive executive Officer of Chipper cash in Ghana,  Mr Dion Jon Taylor Samson pointed out his outfit became delighted to have got the approval.

He delivered that Chipper money would comply with the entire regulations associated with offering the inward remittance service which turned into a big contributor to countrywide revenue.

He stated: “it’s essential for us fintechs to at all times work with the vital bank no longer simplest to wholly comply but also to make them aware about all our actions in order that they can also share in our imaginative and prescient and additionally deliver information and advice”.

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is chipper cash legal

The enterprise’s entry into Ghana turned into forged in Spring 2019 when its then 27-year-historic co-founder Majid Moujaled and 28-year-old Dion Jon Taylor Samson reconnected in Spring 2019 after no longer seeing each and every different for close to 13 years when you consider that their ultimate day of high school together.

Majid shared what he had begun working on with Dion who become also curious about bringing Chipper money’s wonderful carrier to Ghana. He suggested they deploy the Ghanaian entity safely and put measures in location for an excellent rollout.

The rollout led by using the productive Dion who’s the manager government Officer of Chipper profit Ghana worried setting up aggregators, getting a partner financial institution, forming a fully-fledged company physique – crucial concepts Ghana limited to function Chipper cash in Ghana and getting licensed by using regulators.

in response to Mr Taylor Samson, the fast adoption of digital fee systems within the nation falls in accordance with its aim to speed up financial inclusion throughout Africa.

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