Ghana’s Central Bank has told eight money transfer organisations (MTOs) that they are not permitted to provide remittance services until they have regulatory licenses.  These businesses are reportedly LemFi, Wise, Transfer Go, PayPal’s Xoom, SendValu, Boss Revolution, Aza Finance, and Supersonicz, as stated in an announcement.  According to the notification, the Central Bank issued a … Continue reading Ghana’s Central Bank may penalize Lemfi, Wise, others