Ghana’s ALEXpay wins Global Business Outlook Award

Segmented telco-based mobile money platform, ALEXpay, has won the Best Money Transfer Application Award at this year’s Global Business Outlook Awards.

The award, to be presented to the company at a ceremony in London, is expected to recognise the company’s innovative services in 2018, a statement issued by the Global Business Outlook, organisers of the awards, said.

ALEXpay is among three Ghanaian-based businesses shortlisted for the awards.

The two others are Milvik for Best Insurance Mobile Application and Zenith Bank PLC for the Most Innovative Corporate Bank Award.

The Global Business Outlook Awards aims to recognise and reward excellence in business to companies all over the globe, both in the public and private sector, to make sure that innovation, creativity and the drive to create value get due recognition.

The awards are open to companies of all sizes, based anywhere in the world, and in both broad and niche sectors.


The Chief Operating Officer (COO) of Allied Exchange Africa and co-Founder of ALEXpay, Mr Moses Kanduri, in an interview with the Daily Graphic, said the award was an inspiration to the company to continue with the work they did.

He said the ALEXpay platform allowed customers to transfer money from one mobile money account to another on a different network, with or without Internet access to bridge the gap between the banked and the unbanked population.

“This recognition follows several recognitions from this country where we have been nominated for Best Mobile Money of the Year, Best Fintech Award at the MOBEX Awards during the Ghana e-commence awards, among others “It just means that we are doing something right as a Ghanaian small business that is only 15 months old, so it means that we have to begin as a country to support start-ups to see how far they will go,” he said.

Mr Kanduri noted that after 15 months of operation, the company had not only penetrated the Ghanaian market with a significant market share but had also established international partnerships in 11 countries.

“Very soon we will conclude on a partnership that will allow cross-border payments,” he said.

To help the company improve on its services, Mr Kanduri encouraged customers to provide feedback on their experiences.

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