EFT Corporation
A payment solutions platform for African banks and enterprises offering Banking-as-a-Service, merchant acquiring, card issuing, and switching and processing.

Is EFT Corporation right for you?
Best for
- African banks
- Fintech card programs
- B2B payment teams
- Merchants needing acquiring
- Banking app builders
What it does well
- Banking as a service
- Merchant acquiring
- Card issuing
- Switching and processing
- Payment gateway
Things to check
- Supported countries list
- Card type options
- Settlement timelines
- Integration requirements
- Compliance responsibilities
EFT Corporation is a payment solutions platform for African financial institutions and large enterprises that need modern banking capabilities, card payments, and secure payment processing.
Key capabilities include:
- Banking-as-a-Service (BaaS): Supports digital banking services without building core payment infrastructure from scratch.
- Merchant acquiring: Enables online and in-store card payment acceptance for merchants through acquiring services.
- Card issuing (CaaS): Supports digital and physical card programmes, including wallet support and card management.
- Switching and payment processing: Provides payment switching, orchestration, and processing for fast money movement; designed for banks, telcos, and large enterprises.
The platform includes encryption, tokenization, and PCI-aligned compliance, plus cloud-ready deployment and integration options. It also supports high availability (including active-active technology) and throughput of 1,500+ transactions per second.
Available on Web with API access via a developer portal.
Target users include banks, fintech companies, payment service providers, telcos, retailers, and other large organisations operating across Africa.
Notable in the African payments market for its long operating history (established 1999) and regional footprint, with operations serving clients across multiple African locations, including Ghana, Kenya, South Africa, Zimbabwe, and Zambia, and reported processing of $33B+ in transactions and service to ~100M end users.
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