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Grey has introduced local currency deposits in Ghana and Kenya, allowing users to fund their Grey accounts directly in Ghanaian Cedis (GHS) and Kenyan Shillings (KES) through bank transfers and mobile money.
The new feature eliminates the need for multiple platforms or intermediaries, making it easier for individuals and businesses to access Grey’s global financial services using their local currency. Ghana and Kenya are among the company’s fastest-growing markets, driven by rising demand for seamless cross-border financial services.
The launch builds on the rapid growth of digital payments across both countries. Ghana processed more than GH¢3 trillion in mobile money transactions in 2024, while Kenya remains one of the world’s leading mobile money markets, with about 90% of the population using mobile money for payments, savings, and credit. Despite this progress, users often faced additional steps when transferring funds from local payment systems into international financial platforms.
“Cross-border payments should not begin with friction,” said Idorenyin Obong, CEO and Co-founder of Grey. “Many users in Ghana and Kenya already rely on Grey to receive, hold and move money globally, but funding their accounts often required extra steps outside our platform. Local currency deposits remove that barrier and make it easier to connect local financial systems with the global economy.”
