Progress Update on Round One Competition

Round one competition has successfully ended with the award of grants on matching fund basis to four companies.

1.Zeepay Ghana Limited

2.PayInc Ghana Limited

3.expressPay Ghana Limited

4.DreamOval Limited

The total amount in grants awarded to the four (4) companies (three FinTechs and one Money Transfer Operator) under Round one competition is US$ 750,000.00.

Induction of the four grantees was completed on Tuesday, 20 March 2018.

Signing of grant agreements was done in March 2018 followed by first installments disbursement in April 2018.