Ghana and Rwanda have signed a Memorandum of Understanding (MoU) to provide a license passport framework and cross-border payment interoperability aimed at facilitating fintech operations between the two countries.
The agreement, signed by the Bank of Ghana and the National Bank of Rwanda, will allow regulated fintech firms licensed in both countries to expand their services with minimal additional regulatory requirements. The initiative is expected to spur growth in the financial technology sector and enhance cross-border digital transactions.
Furthermore, the MoU reinforces Ghana’s commitment to fostering an integrated African market, encouraging fintech investment and supporting the growth of small and medium-sized enterprises. Both countries will continue to collaborate to enhance customer experience and strengthen their financial ecosystems while ensuring regulatory compliance.