The PayAngel® Blog

International Day of Family Remittances- PayInc Group on course to building Africa’s biggest and best Payment platform

More than 200 million migrant workers send money to over 800 million families in Africa. This provides a huge opportunity for the continent to experience rapid digitization of payment systems which is a catalyst for formal remittances.

Over the past 7 years, PayInc Group has provided fast, reliable, and secure means for customers to conveniently and easily send money from UK to Ghana. This has been executed through innovative payment solutions leveraging technology and digital inclusion.

 The COVID-19 pandemic of recent times has steered an accelerated adoption of digital technology by remitters across the globe. PayInc Group, through the operations of PayAngel Money Transfer has demonstrated its capacity to meet the rapidly changing needs of African diasporas and their families as evidenced by the vast and fast adoption of PayAngel’s products. With about £40 million of transactions processed, PayAngel continues to be the preferred new service for sending money to Ghana from the UK and Canada.

Jones Amegbor- CEO PayInc Group

 The irony of remittances to Africa is that remitters from the poorest region in the world have been paying far more for remittances than all other continents for decades now. The pioneering designers of remittance products for the African market never did, and do not think of Africa first. PayAngel was born out of this burden Africans in the diaspora have to endure for decades – the burden of unreasonable remittance fees and ridiculous exchange rates.   As an Africa focused remittance company, PayAngel’s raison d’être is to significantly reduce the cost of remitting for Africans, and in so doing, make it possible for the people and their communities receiving remittances to maximize the financial impact of their funds; PayAngel is also set to continue to design and offer innovative products that address the unique needs of the African diaspora and their loved ones back home.

With International Day of Family Remittances (IDFR) now adopted by the United Nations and celebrated on 16 June,  PayInc Group aligns with the main vision which  aims at the reduction of transfer costs and greater financial inclusion.

PayAngel is reaffirming the commitment to continuously provide simple and straight through payment solutions with exceptional customer care from end to end.


PayAngel Remitcare -The best remittance product is now available to Ghanaians in UK and Europe

PayAngel Money Transfer has partnered with Allianz Life Insurance Ghana to introduce a new revolutionary remittance product, the RemitCare Plan, to the Ghanaian market. The product will enable Ghanaians living abroad to provide life insurance cover for beneficiaries back home at no extra cost when they use the PayAngel platform as their preferred remittance channel. 

The RemitCare Plan is a life insurance solution that aims to provide financial support to the insured in the event of hospitalisation, and in the unfortunate event of death, to the named beneficiary. The product will be accessible to eligible beneficiaries who receive money through PayAngel.  


PayAngel remittance is fast becoming the preferred platform for most Ghanaians based in the United Kingdom due to its cost efficient, straight-through, affordable payment solutions and excellent customer service. PayAngel is currently rated 5 star on ‘Google my Business’ with 100% customer satisfaction.  

Jones Amegbor- CEO PayInc Group Limited

Jones Amegbor, CEO of Payinc Group, operators of PayAngel Money Transfer, has expressed his delight about the partnership and the augmented benefit it offers to all existing and future PayAngel customers.

Commenting on the partnership, he said “the irony of remittances to Africa is that, remitters from the poorest region in the world have been paying more than others for decades but designers of remittance products for the African market never think of Africa first. This is PayAngel’s raison d’être; first to reduce cost and send more money to the communities that need it, and secondly to design and offer innovative products that address the peculiar needs of the African diaspora and their loved ones back home. It is to that extent that I am delighted about this partnership with Allianz and the launch of this value-added service. All PayAngel customers who remit money to their loved ones in Ghana will now have an added life insurance benefit for free”.

He further stated that, “Although the development of RemitCare predates COVID-19, the timing of its launch is critical and responds to a current and immediate need. We hope to work closely with our partners, Allianz Insurance, to roll out this product to more countries in Africa soon.”

Gideon Ataraire, CEO of Allianz Life Ghana has also described the RemitCare Plan as an innovative one that will provide dual benefits to both the remitter and the nominated beneficiary.  He explained, “Even though the life insurance covers only the recipient or a nominated life, and not the remitter, the assured peace of mind in the event of an emergency is one that cannot be discounted.”   

This partnership is sure to put PayAngel and Allianz Life Ghana ahead of the pack in their respective fields in terms of customer delight, social benefits, product innovation and positioning.  

More about Allianz:

Allianz life is a part the Allianz group, one of the world’s leading insurers and asset managers with more than 92 million retail and corporate customers in over 70 countries. Allianz is also one of the world’s largest investors, managing around 673 billion euros on behalf of insurance customers.  

More about PayAngel:

PayAngel ( is the trading name of PayInc Group Limited, a licensed international remittance business delivering straight-through, affordable remittance and payment solutions to the African Diaspora. Positioned as “Africa’s Payment Expert”, PayAngel seeks to be a one-stop payment solutions provider, providing Consumer-to-Consumer, Consumer-to-Business and Business-to-Business remittance services, and further catering to several other payment needs such as utility and mortgage payments. Remitters using PayAngel can have their remittances delivered to Africa through mobile money, bank deposits and cash collections.

Licensed to operate in Europe and North America, PayAngel currently operates a multichannel remittance and bill payment service from the United Kingdom, Netherlands, France, Italy and Spain to Ghana and is in the process of expanding to the rest of Europe, North America and other sub-Saharan African countries.


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The Unbanked and Financial Inclusion: the Mobile Money Rat Race

Did you know that in this day and era, the great world civilizations and advancements in the world of technology notwithstanding, about 2.5 billion adults around the globe do not use semiformal microfinance institutions or formal banks? Practically, these adults have got no way of either saving their hard earned cash, making it difficult for them to access credit facilities, insurance, economic and investment opportunities, thereby lacking informed management of their resources for purposes of planning for their future.

The sad reality is that the Sub-Saharan Africa takes the lead, with hundreds of millions of her adult population, especially women and the youth, being victims of lack of financial inclusion. In 2015, a whopping 18 million adults in Ghana, out of a national population of more than 25 million, were categorized by the World Bank as unbanked. The poor of these populations, as well as those who reside in rural areas, are ever at the most disadvantaged position.

The unbanked are further compromised by the long distances they have to cover in accessing financial institutions.


And sadly, should they somehow find their way to the banks, the paper work involved is quite taxing in terms of time, and the need for literal awareness, which makes the uneducated to further shy away from what they would term as fear of self-embarrassment or simply for some form of ‘mistrust’ arising from lack of information. An old adage has it that you cannot be transformed unless you are informed, hence the need for timely and correct awareness in such settings.


Even to the 30% or so of the Sub-Saharan Africa population who have access to direct banking, the cost of money transfer (between African Countries or beyond the continent) remains the highest in the world, with between 10-15% of the figure being transacted going into remittance fees.

The infiltration of mobile phones to the African market, especially in the last 10 years, has brought a new twist to the money market. Today, about 80% of majority of populations in African countries have access to mobile phones, with a high percentage configured to accept internet settings. This has gone a long way in putting these populations to the global grid in the financial sector.

Innovative mobile phone technologies have now become catalysts for reduced costs of sending and receiving money in Africa. While Smart Communications and Globe Telecom pioneered operations of money transfers in the Philippines in the mid 2000s, the M-Pesa model of 2007 in Kenya appears to be the cornerstone that has become the pillar of other platforms like the MTN in Ghana in the world of mobile money. It is not only fast, reliable and affordable, but also accessible for the unbanked.

With this realization, the mobile money rat race has caught up with formal banks, which have circumstantially been forced to reach out to every available potential customer, deep in the woods and in the hearts of villages. No one wants to miss a share of this global cake that is becoming sweeter by the day. Simply put, mobile money transactions are synonymous to having ATM cards without ever having to open a real bank account.

Besides seeking financial inclusion for the unbanked, the commissions earned in fees by mobile money amount to billions in profits, a deal that is not only lucrative but also appealing to all stakeholders in money matters.

With the number of mobile subscribers rising by the day, and with various mobile companies coming up with different and more competitive products from time to time, no one wants to be left in the race.

The world today boasts of more than 150 such service providers in the world, although only a handful of them (indeed about 15) are actively in the lead.

Going forward, the spirited competition by banks and mobile phone companies in reaching the unbanked should see the gap closed in the near future. And for once, the marginalized will have very many options to choose from. Indeed there is a great redemptive revolution – and apparently there is no turning back!


Coming in from the Cold: An African Remitter’s Story

Do you remember the last time you wanted to send money to Africa? I bet you never liked it, and rightly so! Whenever opportunities arise for an African son or daughter to go overseas, whether for academic or employment purposes, such are perceived to be a spark of exodus from poverty, and the beckoning of good tidings to the long chain of family, friends and relatives. Somehow, the candle of hope is ignited and one can only hope the winds of this life will not blow it off.


The reality of the state of affairs back home is often a constant reminder of the need to work hard and alleviate them from suffering. Any phone calls, letters or short text messages from abroad are synonymous to heaven sent angels, and are often associated with relief from the daily hustles and tussles of life in Africa. And with the eagerness of farmers awaiting delayed rainfalls during a planting season, so do various relations look forward to monetary aid for school fees, hospital bills, housing, food, and much more.


With many families surviving on less than a dollar per day, it becomes practically impossible to swiftly respond to emergencies. There is always the danger of missing out on golden opportunities in life, including the imminent loss of life itself. It is in such moments they quickly remember you are now in diaspora, with quick and easy access to technology and civilization. Indeed, you become the long awaited Messiah, and all of a sudden they are hopeful you will come to their rescue at their hour of need.


As soon as you get the distress call, you remember blood is thicker than water, and that a friend in need is a friend indeed. You want to help them out and urgently do your duty in giving back to society, only to remember they either don’t have bank accounts and so you cannot make use of wire transfer. You are torn between two worlds whose differences appear irreconcilable. Then you thankfully remember that you could make use of services like the traditional money transfer operators (MTOs), but remember your kinsmen stay away from banks and postal offices, and they will still need to cover many miles to make withdrawals. And even then, it would still take a number of days before the money is available for withdrawal, and to worsen the matter, the anxiety that builds up in waiting is coupled with exorbitant transaction fees. It’s a total nightmare to say the least.

Africans in the diaspora wanting to invest back home have to undergo the same ordeal, and bear with the frustrations of time wastage, high costs, and undue worry and anxiety over safety and convenience.

dg To bring these challenges to a conclusive end, PayAngel is the answer to African prayers. The platform ( offers digital remittance services to your chosen destination, thanks to the internet and mobile banking. With PayAngel, you can transact by simply using your mobile phone, your computer or your tablet. The platform gives you the option to use only one transaction to reach out to three different beneficiaries, who can collect the money in cash, or through mobile wallets or ordinary bank accounts, thanks to our business partners back at home.

There is finally a sigh of relief, a wiping away of African tears, warmth of the reassurance that all is not lost, courtesy of PayAngel, the better option!