Grey deepens presence in Ghana, Kenya with local currency deposit
Grey, the Y Combinator-backed platform, has launched local currency deposits in Ghana and Kenya. This enables users to fund their Grey accounts directly in Ghanaian Cedis (GHS) and Kenyan Shillings (KES) via bank transfer and mobile money. Idorenyin Obong, CEO and Co-founder of Grey, stated, "Cross-border payments should not begin with friction."
Ghana and Kenya are among Grey's fastest-growing markets. Ghana recorded more than GH¢3 trillion in mobile money transactions in 2024. Kenya remains one of the world's most mature mobile money markets, with around 90% of the population using mobile money for payments, savings, and access to credit.
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Grey, a Y Combinator-backed platform, is addressing the fragmented nature of digital payments in Ghana and Kenya. This move aims to simplify how
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