To start a PayTech company in Ghana, you'll need to obtain a Payment Service Provider (PSP) license from the Bank of Ghana, which regulates the industry under the Payment Systems and Services Act, 2019 (Act 987). Depending on your services, you may require an Enhanced or Standard PSP License, or an Electronic Money Issuer (EMI) License. These licenses are essential for offering payment services, mobile money, or electronic payments in Ghana.
Am always interested in paytech in ghana. Could you please tell us more about regulation and license we need to start and the cost involved
To start a PayTech company in Ghana, you'll need to obtain a Payment Service Provider (PSP) license from the Bank of Ghana, which regulates the industry under the Payment Systems and Services Act, 2019 (Act 987). Depending on your services, you may require an Enhanced or Standard PSP License, or an Electronic Money Issuer (EMI) License. These licenses are essential for offering payment services, mobile money, or electronic payments in Ghana.
Also, assuming I want to create my own momo system, what would be the regulation and requirements
i suggest reading the law on regulation of payments systems, and customer deposits and the likes.
it can give you a start
good point