Grey has expanded its digital payments platform by introducing local currency deposits in Ghana and Kenya, allowing customers to fund their accounts directly in Ghanaian cedis and Kenyan shillings through bank transfers and mobile money.
The new feature is designed to simplify cross-border transactions by enabling users to move funds from domestic payment systems into Grey’s global financial platform without relying on multiple intermediaries or external transfer services.
According to the company, the rollout targets two of its fastest-growing African markets, where demand for international payment solutions has increased as more individuals and businesses participate in the global digital economy.
In Ghana, mobile money has become a dominant payment channel, with transactions exceeding GH¢3 trillion in 2024. Kenya, meanwhile, remains one of the world’s most developed mobile money markets, with widespread use of digital wallets for payments, savings and credit.
Grey Chief Executive Officer and co-founder Idorenyin Obong said the new service removes a major obstacle for customers who already use the platform to receive, hold and transfer money internationally but previously needed separate channels to fund their accounts.
He said the company aims to make it easier for users to move seamlessly between local financial systems and the global economy.
The launch forms part of Grey’s broader strategy to expand financial infrastructure for globally connected individuals and businesses in emerging markets by integrating domestic and international payment services.
The fintech company says it now serves more than three million users across over 50 countries and supports payouts to more than 170 destinations. In addition to local currency deposits, the platform offers multi-currency accounts in U.S. dollars, British pounds and euros, international money transfers and virtual payment cards for global transactions.
Grey operates as a regulated money services business under Canada’s Financial Transactions and Reports Analysis Centre and the U.S. Financial Crimes Enforcement Network.
The company said customers in Ghana and Kenya can access the new local currency deposit service through the Grey mobile application.
