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Mojo Payments Limited, a licensed Enhanced Payment Service Provider under the Bank of Ghana (BoG), has launched its Innovation Hub, a strategic initiative aimed at fostering the growth of fintech startups by providing critical resources, mentorship, and regulatory support.
The hub’s initial phase will focus on fintech startups within the MEST Africa Portfolio, offering a range of benefits such as regulatory guidance, discounted payment processing, business development assistance, and investment readiness programs. Looking ahead, Mojo Payments plans to collaborate with key ecosystem partners to expand these services to a wider network of fintech entrepreneurs.
The official launch, held on March 15, 2025, at Mojo Payments’ headquarters in Ridge, Accra, brought together major industry stakeholders, representatives from the Bank of Ghana, and MEST Africa, marking a significant step in strengthening Ghana’s fintech ecosystem.
Driving Innovation and Compliance in Fintech
Speaking at the event, Mojo Payments CEO, Saqib Nazir, reaffirmed the company’s commitment to empowering fintech startups:
“We are thrilled to partner with MEST Africa in supporting fintech startups with the regulatory, operational, and business development expertise they need to scale effectively. This initiative reflects our dedication to fostering innovation and compliance within Africa’s fintech landscape.”
Nazir further emphasized that Mojo Payments’ expertise in regulatory compliance, digital payments, and financial technology solutions will help startups navigate challenges and unlock growth opportunities.
Echoing this vision, Ashwin Ravichandran, Portfolio Director at MEST Africa, stated:
“This partnership with Mojo Payments aligns with our mission to nurture Africa’s next generation of technology entrepreneurs. By providing access to mentorship, financial services, and strategic networks, we are equipping startups with the tools needed to drive digital transformation and economic growth.”
Strengthening Ghana’s Fintech Landscape
Ghana is rapidly emerging as a leading fintech hub in Africa, with the Bank of Ghana spearheading regulatory advancements in mobile money, digital payments, and blockchain adoption. The launch of the Mojo Payments Innovation Hub reinforces the country’s growing prominence in the financial technology sector by fostering regulatory compliance, financial inclusion, and economic development.
As digital finance continues to reshape Africa’s economy, innovation hubs like this will play a crucial role in supporting fintech startups, improving access to financial services, and driving sustainable growth across the continent.
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