OnAfriq

Onafriq, formerly known as MFS Africa, is a pan-African payments company that enables interoperable cross-border and domestic digital payments. It operates Africa's largest digital payments hub, connecting mobile money wallets, bank accounts, cards, and other payment services. Its mission is to make borders "matter less" by providing simple, accessible, and compliant financial solutions.

Services

Onafriq offers a full suite of payments options for its partners through a single API and integration.

• Collections: Enables businesses to receive payments from customers through a variety of channels, including mobile money, bank accounts, and cards.

• Disbursements: Facilitates fast and secure payouts to wallets, bank accounts, and other endpoints for salaries, remittances, loans, and other use cases.

• Card issuance and processing: Provides customizable physical and virtual prepaid card programs for banks and fintechs. The service is powered by partnerships with major card schemes like Visa and Mastercard. Features include card-to-wallet and wallet-to-card transfers.

• Agent banking: Through its Baxi network in Nigeria, Onafriq provides a wide range of agency banking services, such as cash withdrawals, money transfers, and bill payments.

• Treasury services: Helps businesses manage currencies and cash flow across African markets. Offers multiple currencies and competitive foreign exchange (FX) rates. Provides the choice of settling payments in a single currency

Countries