Zeepay's Revenue Soars To GH¢96.4mn Off US$2.9bn Processed Transactions

Leading the way in cross-border payments, Zeepay has announced a remarkable surge in both its total processed volume (TPV) and revenue. Over the course of just one year, TPV has surged from US$1.9 billion in 2021 to an impressive US$2.9 billion in 2022.

This exponential growth in TPV has been paralleled by revenue, which has risen from GH¢39.4 million in the previous fiscal year to an outstanding GH¢96.4 million in 2022.

This exceptional achievement can be attributed to Zeepay's diversified portfolio of services, with remittance services emerging as the driving force behind this impressive expansion.

Andrew Takyi-Appiah, Founder and Managing Director, addressing the 2023 Annual General Meeting (AGM), credited Zeepay's resounding success to its unwavering resilience in the face of one of the most severe economic and financial crises in human history. "Despite the global economic challenges of 2022, Zeepay achieved exponential growth. It remains our most successful year to date," Mr. Takyi-Appiah remarked.

During this same period, Zeepay effectively streamlined its operations in various markets, most notably in Zambia, marking the beginning of a profitable journey. The company's activities in Barbados also unfolded seamlessly, securing mobile money licenses in four additional markets: Gambia, Sierra Leone, Ivory Coast, and Guyana.

Mr. Takyi-Appiah outlined the company's strategic focus for 2023, highlighting the operational readiness of these markets. This expansion initiative aims to foster sustained growth and aligns with Zeepay's vision of becoming the premier global mobile money operator across Africa and the Caribbean.