Taptap Send, Remit Choice, 3 Others Suspended by the Central Bank Over Unauthorised Remittance Transactions
The Bank of Ghana (BoG) has suspended the remittance partnerships of five Money Transfer Operators (MTOs) for one month, effective September 18, 2025, over breaches of the Updated Guidelines for Inward Remittance Services by Payment Service Providers, 2023, as amended by Notice No. BG/GOV/SEC/2025/25.
The affected MTOs are Taptap Send, Top Connect, Remit Choice, Send App and Afriex.
According to the regulator, the suspension follows findings that the companies conducted unauthorised remittance activities with Payment Service Providers (PSPs) — Halges Financial Technologies Limited, Cellulant Limited and Flutterwave Inc. — through their settlement bank, United Bank for Africa Ghana (UBA Ghana).
The BoG said the MTOs will only be permitted to resume operations after their partner PSPs or banks have re-applied and obtained approval from the central bank once the suspension period lapses.
“The Bank of Ghana cautions foreign exchange market players to adhere strictly to the applicable forex market regulations and guidelines,” the statement read, warning that non-compliance will attract further sanctions.
