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Ghana has been put on the map again by PayAngel at the just ended Innovations in Payments and Remittances (IPR) Awards 2022 in London.
 
PayAngel, Africa’s payment experts fended off TerraPay and MFS Africa, two of the biggest FinTechs in the payments and remittance space, to emerge victors in the Social Impact Award category.
 
The Innovations in Payments and Remittances (IPR) Awards is a celebration of the money transfer community and the achievements of the industry’s greatest achievers. It recognises exceptional leadership and innovations by Money Transfer Operators (MTOs), FinTechs, Banks and Telcos in the demonstration of significant contribution to the Money transfer industry within the past five years.
 
The Social Impact Award was opened to all money service businesses that successfully embedded social objectives into their strategy and are making a substantial positive impact in financial inclusion or financial know how of the customers.
 
The shortlisted finalists in the category were MFS Africa, TerraPay and PayAngel.
 
PayAngel was adjudged the eventual winners for the category for its innovations and contributions to the money transfer industry over the period.
 
The Head of Growth at PayAngel, Joseph Elvis Lamptey emphasised the company’s commitment to creating a positive impact through financial inclusion and payment innovations.
 
“Our social impact has not only been recognised by the IPR Awards but has also been recognised by the United Nations Capital Development Fund (UNCDF) and European Union Trust Fund under the GrEEn Project, awarding PayAngel a grant of $140,000 to promote financial inclusion, create a wide network of entrepreneurs and facilitate access to financial services to the youth, women and returning migrants in the Ashanti and Western Regions through PayAngel’s Direct to Merchant Remittances (D2MR) solution,” he stated.