HomeBankingZeepay: Acquires Mangwee Mobile Money in Zambia

Zeepay: Acquires Mangwee Mobile Money in Zambia

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  • 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
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