expressPay offers a suite of innovate services that make it easy and affordable to transfer money in Ghana from the formal banking system to recipients in the informal sector of the economy using mobile money. The company facilitates the movement of money from one mobile money wallet network directly into other mobile money networks; this has proven a useful tool for people in villages and towns where they need to ‘cash-out’ and either agents from their preferred network are not available or agents on their network do not have sufficient funds to cover their transaction amount. In addition, expressPay also works with a number of the leading financial product service providers (NBFIs and Insurance companies) to expand access to their products.

This grantee prior to the RGF funding had operated exclusively as a domestic electronic payments enabler. It is both a leading payment gateway provider as well as an e-commerce market place. Within the e-commerce market place, expressPay gives consumers real-time access to services such as airtime for all the major telecoms, pay TV subscription payments, as well as payment services for schools and hotels. As a payment gateway provider, expressPay is one of the leading Visa Payment Technology Provider (PTP) and the leading Visa e-commerce processor in Ghana.

Inward international remittance is a new business area for expressPay. The company’s product is a remittance product with embedded insurance. The initial activities being undertaken are meant to get the company’s operational basics right for crossborder payment transactions.

The grant support is USD 200,000 while expressPay provides matching funds of USD 539,000 towards the implementation of the project. 

The project seeks to contribute towards meeting the following RGF objectives:

1.Faster remittances through improved last mile access

2.Lowering the cost of remittances and

3.Introducing a new remittance product (Insurance)

For more details, please visit the company’s website: