PayInc Group, operators of PAYANGEL Money Transfer have joined forces with United National Capital Development Fund (UNCDF) to scale-up its flagship Direct to Merchant Remittances (D2MR) solution.
The partnership, funded under the European Union’s ‘Boosting Green Employment
and Enterprise Opportunities in Ghana’ project, seeks to scale up diaspora
investments in the Ashanti and Western Regions through direct remittances to
merchants in the Financial Services, Education and Health sectors. This will
make it easier for merchants including returning migrant businesses of all
sizes and industries to easily collect payments and transfers and allocate them
appropriately.
The goal of this project is in line with the United Nations’ Sustainable
Development Goals on Remittances which PayInc Group is committed to. Under this
project PayAngel will focus on SDG 3- Good Health and Well-Being, SDG 4-
Quality Education, and SDG 5- Gender Equality; SDG 8- Decent Work and Economic
Growth, SDG 10- Reduced Inequalities, and SDG 17- Partnership for Goals.
PayAngel will use this project as a scalable preparatory platform to educate
returning migrant businesses and merchants with diaspora relations. The
solution further opens new markets for merchants to sell their products and
services.
As rightly said by the CEO of PayInc Group, Jones Amegbor, “We are building a
global platform that enables immigrants to participate in shaping the digital
economic expansion of their home regions whilst positioning local businesses to
capitalize on the cross-border commerce growth. Our simple, fast, and direct
payment solutions, at scale, will allow Africans everywhere on the globe to
make transfers and pay for everything at zero fees without the risk of fund
diversion. The simplicity and innovation offered by PayAngel within the digital
payments processing space will allow merchants to easily process payments from
the diaspora with value added service.”
We are excited to be partnering with the UNCDF to expand on this first in the
market product in a bid to achieve our goal of connecting Africans to their
home countries using technology that delivers transfers and payments speedily
and without hassle to recipients in Africa.
The Boosting Green Employment and Enterprise Opportunities in Ghana – (GrEEn)
is a four-year action from the European Union, the Embassy of the Kingdom of
the Netherlands in Ghana, UNCDF and SNV. The project aims at creating greater
economic and employment opportunities for youth, women and returning migrants
by promoting and supporting sustainable, green businesses in selected regions
(Ashanti and Western). GrEEn is implemented under the European Union Trust Fund
(EUTF) for Africa.
Source: Peacefmonline.com/Ghana