Cross-border payment platform, Critical Ideas Limited, popularly known as Chipper Cash, has been granted a broker-dealer license by Ghana’s Securities and Exchange Commission (SEC).
The new license gives Chipper Cash the legal authority to engage in the brokerage of securities, serving both individual and institutional clients.
Speaking on the latest milestone, Dion Jon Taylor Samson, Chief Executive Officer of Chipper Cash Ghana, said, “It is very important for every entity that enters a market to adhere to the rules and regulations set by the regulatory bodies. While it can be time-consuming and sometimes frustrating, it ensures longevity in the business and protects both the company and its customers. We are excited to bring innovations in the financial market into the digital payment space.”
Chipper Cash customers will be able to buy and sell stocks, bonds, and other securities directly within the app, making it a one-stop-shop for managing investments.
Also, Chipper Cash will now enjoy direct market access in Ghana, allowing for faster trade execution and more competitive pricing, positioning it ahead of competitors without such privileges in West Africa.
