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Zeepay: Acquires Mangwee Mobile Money in Zambia

April 24, 2021

Mangwee a safe and secure electronic wallet service, available in many parts of Zambia through a network of outlets and agents
Zeepay Ghana Limited a wholly Ghanaian owned Mobile Financial Services company focused on providing integrated mobile payments services
In a private placement, Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay
Mangwee in operations since 2018, and initially set up to operate as an alternative wallet targeting university students in Zambia
Zeepay is the leading African challenger fintech with operations across 20 African countries
The company specializes in paying remittances into mobile money wallets across Africa