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Month: November 2020

November 11, 2020
General

Banks in the Digital Space: The Thin Regulatory Line

While great care is taken to cater for the various ways new legislation may interact with existing regulatory regimes, new laws may occasionally introduce unintended regulatory uncertainty or duality that may require clarification from the regulator and/or legislation to resolve. The new Payment Systems & Services Act, 2019 (Act 987)…

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November 2, 2020
General

The Local Participation Requirement of the PSP License

Authors: Yinsongti Tindana & Jessie Abugre Ghana’s new Payment Systems and Services Act, 2019, (Act 987) has created waves in the fintech space in Ghana. FinTechs are now required to hold a license from at least one of five license categories (Enhanced PSP, medium PSP, standard PSP, PSP card scheme,…

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