Bingpay enables global merchants to accept payments from African consumers by providing access to local payment methods like gift cards, airtime, and mobile money. The platform simplifies cross-border transactions, allowing users to pay for international goods and services using familiar payment options.
Funding
Funding not disclosed
Founders
Product
Problem
Many African consumers lack access to traditional payment methods for international online transactions, hindering their ability to purchase goods and services from global merchants. Existing cross-border payment solutions often involve complex processes and may not support the local payment preferences of African users.
Solution
Bingpay provides a digital wallet and payment gateway that enables African consumers to make online payments to global merchants using familiar local payment methods, including mobile money, airtime, and gift cards. The platform simplifies cross-border transactions by offering a single point of integration for merchants to accept diverse payment options preferred by African users. Bingpay also offers APIs for developers to integrate these payment solutions directly into their applications. The service allows users to pay utility bills, top up mobile airtime, purchase gift cards, book flights and hotels, purchase event tickets and trade digital assets.
Target Audience
Bingpay primarily targets African consumers seeking to make online payments to international merchants, as well as developers looking to integrate diverse African payment methods into their applications.
Features
- Digital wallet supporting multiple local payment methods, including mobile money, airtime, and gift cards
- API access for developers to integrate Bingpay's payment gateway into their applications
- Merchant ID system for accepting payments
- Bulk transaction capabilities with discounts
- Mobile top-up service for over 5 billion mobile phones across 50+ countries
- Utility bill payment for power, internet, and cable TV subscriptions
- Gift card purchases from local and international brands
- Flight and hotel booking capabilities
- Event ticket purchases
- Airtime, PayPal funds and gift cards to cash conversion
- Supports payments via debit card, USSD, and bank transfer