Bank Of Ghana Grants License Permit To Hubtel Granted Enhanced Payment Service

Hubtel, an indigenous Ghanaian fintech organization, has gotten a full and last permit from the Bank of Ghana (BoG) to work as a Payment Service Provider (Enhanced) in Ghana.

The Bank Of Ghana presently requires finance establishments including fintech organizations to provide proof of their lawful and administrative structure for the methodical establishment of payment in Ghana. Organizations can apply for various licenses depending on the services they seek to render.

The conceding of Hubtel’s Enhanced Payment Service permit affirms that Hubtel’s mode of processing payments is agreeable with the principles of the national bank of Ghana.

Remarking on the event, the General Manager of Hubtel, Ernest Apenteng, said, “We are indeed happy to receive our final operating license from the Bank of Ghana. For us, this occasion is a major comfort and milestone for the leadership at Hubtel.

“It also shows our commitment and belief in Ghana’s emerging digital economy. Our clients, customers, partners, and indeed our regulators should trust, and rest assured, that Hubtel intends to remain compliant with all regulations that govern our operations, this already is, and will remain, a responsibility of all staff and stakeholders of Hubtel.”