About Onafriq

Onafriq provides a real-time payments network connecting businesses to over 1 billion mobile wallets across Africa. The platform enables seamless collections and disbursements, facilitating cross-border transactions and card issuance to expand market reach.

<problem> Businesses seeking to expand their reach across Africa face challenges in accessing a unified payment network capable of handling collections and disbursements to a large, fragmented mobile wallet user base. This limits their ability to scale digital payment strategies and tap into new customer segments across the continent. </problem> <solution> Onafriq operates a real-time payments network designed to connect businesses with over 1 billion mobile wallets across Africa. The platform facilitates seamless collections and disbursements, enabling enterprises to access new customer segments and scale their digital payment strategies. It supports cross-border transactions and offers card issuance services to broaden market reach. Onafriq acts as a "Network of Networks," providing convergence and interoperability for partners to enhance their digital payment infrastructure. </solution> <features> - Real-time payments network connecting businesses to over 1 billion mobile wallets across Africa. - Facilitates seamless collections via cards, cash, and mobile wallets. - Enables fast and secure disbursements for multiple use cases with single integration and real-time capabilities. - Offers card issuance services for physical/virtual prepaid card programs. - Provides agent banking services through a network of over 460,000 agents in Nigeria. - Delivers treasury services by providing access to multiple African currencies, reducing correspondent banking complexities. - Supports 2000+ cross-border payment corridors. - Operates in 43 African markets with live BINs and multiple banking partners across Sub-Saharan Africa. </features> <target_audience> The primary customers are enterprises, non-bank financial institutions, mobile network operators, money transfer organizations, government development organizations, and banks looking to expand their digital payment capabilities and reach across the African continent. </target_audience> <revenue_model> Revenue is generated through transaction fees on collections and disbursements, card issuance and processing services, and potential revenue share agreements for agent banking and treasury services. Specific pricing tiers are not publicly disclosed. </revenue_model>

What does Onafriq do?

Where is Onafriq located?

Onafriq is based in Johannesburg, South Africa.

Location

Johannesburg, South Africa

Employees

723 employees

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Onafriq

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Executive Summary

onafriq.com 30K+

Johannesburg, South Africa

Funding

No funding information available.

Team (500+)

No team information available.

Company Description

Problem

Businesses seeking to expand their reach across Africa face challenges in accessing a unified payment network capable of handling collections and disbursements to a large, fragmented mobile wallet user base. This limits their ability to scale digital payment strategies and tap into new customer segments across the continent.

Solution

Onafriq operates a real-time payments network designed to connect businesses with over 1 billion mobile wallets across Africa. The platform facilitates seamless collections and disbursements, enabling enterprises to access new customer segments and scale their digital payment strategies. It supports cross-border transactions and offers card issuance services to broaden market reach. Onafriq acts as a "Network of Networks," providing convergence and interoperability for partners to enhance their digital payment infrastructure.

Features

Real-time payments network connecting businesses to over 1 billion mobile wallets across Africa.

Facilitates seamless collections via cards, cash, and mobile wallets.

Enables fast and secure disbursements for multiple use cases with single integration and real-time capabilities.

Offers card issuance services for physical/virtual prepaid card programs.

Provides agent banking services through a network of over 460,000 agents in Nigeria.

Delivers treasury services by providing access to multiple African currencies, reducing correspondent banking complexities.

Supports 2000+ cross-border payment corridors.

Operates in 43 African markets with live BINs and multiple banking partners across Sub-Saharan Africa.

Target Audience

The primary customers are enterprises, non-bank financial institutions, mobile network operators, money transfer organizations, government development organizations, and banks looking to expand their digital payment capabilities and reach across the African continent.

Revenue Model

Revenue is generated through transaction fees on collections and disbursements, card issuance and processing services, and potential revenue share agreements for agent banking and treasury services. Specific pricing tiers are not publicly disclosed.