What is Onafriq and how does it work?

Onafriq is a pan-African payments company that enables interoperable cross-border and domestic digital payments by connecting mobile money wallets, bank accounts, prepaid cards, and payment rails across Africa. It works as a 'network of networks' providing real-time wallet-to-wallet and wallet-to-bank transfers, collections via USSD, QR, wallets, cards, and bank transfers, disbursements for salaries, loans, and supplier payments, card issuing and processing, agency banking, and treasury services through a single API integration.

What countries does Onafriq operate in?

Onafriq operates in 43 African nations, with specific mentions of Nigeria, Kenya, Uganda, Ghana, Zambia, Cameroon, Senegal, and Côte d’Ivoire.

Who is Onafriq best suited for?

Onafriq is best suited for money transfer organizations, banks, global and local merchants, African SMEs, government development organizations, non-profits, and fintechs needing cross-border payments, disbursements, collections, card issuance, and agency banking across Africa.

Does Onafriq have a plan for teams or businesses?

Yes, Onafriq offers solutions for businesses including collections, disbursements, card issuance, agency banking, and treasury services tailored for banks, merchants, SMEs, and enterprises.

Does Onafriq offer an API or integrations?

Yes, Onafriq offers a public API. View the official Onafriq API documentation for endpoints, authentication, and integration guides.

Onafriq

🌍 Pan-African

A pan-African digital payments gateway for enterprises and financial institutions to collect, disburse, and issue cards across mobile money and bank networks in Africa.

Use it on:Web API

Is Onafriq right for you?

Best for

Enterprises in Africa
Financial institutions
Mobile money payouts
Cross-border collections
Card issuing programs

What it does well

One integration payments
Mobile money connectivity
Bank network connectivity
Bulk disbursements
Virtual and physical cards

Things to check

Supported payout countries
Settlement timeframes
Mobile money operators covered
Bank rails coverage
Card program requirements

Onafriq is a pan-African digital payments gateway for enterprises and financial institutions that need interoperable domestic and cross-border payments across African markets.

Key capabilities include:

Collections: Accept customer payments through cards, cash, or mobile wallets using a single integration.
Disbursements: Send fast payouts for multiple use cases with real-time transaction capabilities.
Card issuance and processing: Launch physical and virtual prepaid cards that are accepted globally, including support for Visa virtual card distribution for mobile money users.
Agent banking (Nigeria): Reach customers via the Baxi super-agent network, with 460,000+ agents nationwide.

Available via APIs (Developer Portal at apidocs.beyonic.com, Enterprise Partner Portal at portal.onafriq.com, VAS Partner Portal at admin.baxibap.com, and AccessOne at home.onafriq.com).

Target users include enterprises, banks, mobile network operators, money transfer organisations, non-bank financial institutions, and government development organisations/NGOs building payment collection, payout, or card programmes for customers across Africa.

Notable for its “Network of Networks” approach, connecting partners to 1 billion mobile wallets, 500 million bank accounts, and 2,000+ payment corridors across 43 African nations, with the company formerly known as MFS Africa (founded in 2009).

Phone:+1 734-417-7254

Social Links:

Categories:

Fintech

Features & Business Model:

b2b2c bulk-payments cross-border-payments mobile-money payment-gateway physical-cards virtual-cards

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DD Dave found that Onafriq has raised $221.5M across 7 rounds, backed by 13 investors. Their latest round was a Series C in Jun 2022. See how we get product data