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onafriq.comLondon, United Kingdom
Onafriq is a pan-African payments network enabling cross-border payments, collections, agent banking and treasury services for enterprises across Africa.
Onafriq is a Pan-African payments platform that connects banks, mobile wallets, and agent networks to enable fast, reliable money movement and payment collection across Africa. It operates a broad agent network and a multi-channel payments backbone that supports salary and gig payments, merchant collections, cash-in/cash-out, and cross-border settlements. The organization focuses on financial inclusion by providing enterprises, banks, and fintechs with a unified, API-driven payments infrastructure, compliance and security support, and 24/7 onboarding assistance. With coverage across many markets, Onafriq aims to simplify payments, reduce friction for senders and recipients, and unlock economic opportunity by enabling customers to pay and be paid anywhere within its network. The team emphasizes values such as care, simplification, tenacity and revolutionary thinking, and it seeks to enable meaningful payment experiences for partners and end users alike.
Mission statement
WE’RE BUILDING A WORLD WHERE PAYMENTS ARE AS EASY AS PHONE CALLS.
Products & Services
Onafriq App Product
Simplifies payment access for small and medium enterprises across Africa.
app.onafriq.com- ✓ Real-Time Transaction Monitoring — Receive Instant Transaction Updates
- ✓ Compliance and Security Features — Ensure Secure Transactions
- ✓ Wide Payment Options — Use Various Payment Methods
- ✓ 24/7 Customer Support — Access Always-On Support
- ✓ Seamless Integration — Connect With Other Services
- ✓ User-Friendly Interface — Enjoy Intuitive Navigation
Baxi Service
Seamlessly send and collect payments through a vast agent network across Nigeria.
onafriq.com/baxi- ✓ Bank Account Disbursement — Direct Bank Payments
- ✓ Cash-In Cash-Out Services — Enhances Cash Accessibility
- ✓ Cash Disbursement — Simplifies Cash Payments
- ✓ Single Sandbox API — Streamlines Development Process
- ✓ Account Debit API — Facilitates Cash Withdrawals
- ✓ Offline Collection — Enables Diverse Payment Methods
- ✓ Virtual Account API — Instant Wallet Creation
- ✓ E-Naira Support — Supports Digital Currency
- ✓ Agent Management — Streamlines Operations
- ✓ Currency Conversion — Ensures Fair Value
Collections Service
Facilitate diverse payment collection methods for customers across Nigeria.
onafriq.com/services/collections- ✓ Multi-Channel Payment Options — Enable Diverse Pay-Outs
- ✓ Agent Network Coverage — Seamless Cash Transactions
- ✓ Compliance and Security — Secure Payment Processing
- ✓ Real-Time Confirmation — Instant Transaction Updates
- ✓ Quick Transaction Processing — Speed Up Customer Transactions
- ✓ Cash Reconciliation Management — Simplify Financial Oversight
Disbursements Service
Facilitates fast and secure disbursements across multiple platforms in Africa.
onafriq.com/services/disbursements- ✓ Multiple Payment Methods — Choose Payment Method Easily
- ✓ Real-Time Transaction Capabilities — Receive Instant Payment Confirmations
- ✓ Compliance and Security — Ensure Safe and Secure Transactions
- ✓ Pan-African Reach — Access Multiple Markets
- ✓ One Integration for Multiple Partners — Streamlines Payment Processes
- ✓ 24/7 Technical Support — Access Technical Assistance Anytime
Card Issuance and Processing Service
Seamlessly launch prepaid card programs with customized solutions and fast integration.
onafriq.com/services/card-issuance-and-processing- ✓ Global Acceptance — Facilitate Easy Transactions
- ✓ Enhanced Security Measures — Ensure Data Safety
- ✓ Customizable Card Solutions — Empower Customers With Choices
- ✓ Innovative API Integration — Integrate Easily
- ✓ Rapid Time-to-Market — Launch Quickly
- ✓ 24/7 Technical Support — Get Support Anytime
Treasury Services Service
Simplifies multi-currency transactions and enhances cash flow efficiency for businesses in Africa.
onafriq.com/services/treasury- ✓ Effective Treasury Management — Support Real-Time Payments
- ✓ Competitive FX Rates — Secure Competitive Rates
- ✓ Single Currency Settlement — Streamline Currency Management
- ✓ Float Continuity — Ensure Cash Readiness
Market Segments
Agent banking and cash network
Agent-run cash-in/cash-out and local payment distribution via a nationwide agent network, including agent onboarding, management, offline collections, and agent-enabled disbursements.
Payment processing and card issuing
Card issuing and payment processing infrastructure including instant issuance, 3D Secure, settlement, money transfers and value‑added payment services.
Payouts and disbursements
Cross-channel disbursement and recipient management capabilities for reimbursements, vendor payments, real-time card payouts, and ACH disbursements.
Payments and merchant acquiring
End-to-end acceptance of online, in-app, and in-store payments with local acquiring, unified commerce capabilities, payment data and financial management, and machine-learning optimization to improve conversions and support market expansion.
Treasury and liquidity management
Manage nostro positions, currency liquidity and settlement workflows to optimize cross-border cash flows and provider routing.
Related Organizations
Adyen provides a global, unified payments platform enabling merchants to accept payments securely across channels.
Busha is a SEC-licensed digital assets platform enabling individuals and businesses to access, manage, and move wealth securely.
Curinos provides decision intelligence for financial institutions to drive growth through better, data-driven decisions.
A payments infrastructure company delivering scalable solutions for fintechs and businesses.
Finix is a payments technology company offering embedded payments infrastructure for software platforms, marketplaces, and businesses to accept and manage payments.
Enterprise-grade digital asset infrastructure enabling secure, compliant, and scalable digital asset programs.
Common Questions
- What does Onafriq do?
- Onafriq is a Pan-African payments platform that connects banks, mobile wallets, and agent networks to enable fast, reliable money movement and payment collection across Africa. It operates a broad agent network and a multi-channel payments backbone that supports salary and gig payments, merchant collections, cash-in/cash-out, and cross-border settlements. The organization focuses on financial inclusion by providing enterprises, banks, and fintechs with a unified, API-driven payments infrastructure, compliance and security support, and 24/7 onboarding assistance. With coverage across many markets, Onafriq aims to simplify payments, reduce friction for senders and recipients, and unlock economic opportunity by enabling customers to pay and be paid anywhere within its network. The team emphasizes values such as care, simplification, tenacity and revolutionary thinking, and it seeks to enable meaningful payment experiences for partners and end users alike.
- What is Onafriq's role in the Agent banking and cash network market?
- Agent-run cash-in/cash-out and local payment distribution via a nationwide agent network, including agent onboarding, management, offline collections, and agent-enabled disbursements.
- What is Onafriq's role in the Payment processing and card issuing market?
- Card issuing and payment processing infrastructure including instant issuance, 3D Secure, settlement, money transfers and value‑added payment services.
- How was the Agent banking and cash network market size estimate for Onafriq calculated?
- Estimate uses documented agent-network scale and recent growth signals from the search results plus conservative internal assumptions. AFI data shows very large national agent networks (e.g., Brazil 151,958 agents) and agent density metrics. Industry reporting in the Onafriq piece notes mobile-money/agency agents “nearly doubling from 2019 to 2023” and cites large country-level agent counts (Kenya: ~30,000 retail outlets). CGAP highlights a persistent rural access gap (50% of rural populations far from financial access points), indicating substantial underserved demand. Assuming global agent outlets are in the low-to-mid millions (industry trend) and an illustrative average annual revenue per agent (commissions, fees, float income, ancillary services) in the mid-thousands USD, a midpoint aggregated annual revenue estimate is approximately $20 billion. Growth potential (CAGR ~12.5%) reflects continued agent network expansion, digital payments adoption, and policy support; agent counts doubling 2019–2023 implies materially higher agent-count growth, but revenue-per-agent and monetization will grow more moderately, so a mid-teens CAGR is used as a realistic growth potential.
- How was the Payment processing and card issuing market size estimate for Onafriq calculated?
- Estimate synthesizes multiple sources in the provided results: broad payment‑processing market estimates range from roughly $100–175B (2023–2025) while modern card‑issuing platforms are a smaller subsegment ($1.8B–$4.2B). Combining the processing infrastructure and card‑issuing infrastructure gives an approximate 2025 market size of ~$150B. Growth potential is set to ~11.2% CAGR, aligned with mid‑range specialist forecasts for payment processors and reflecting strong upside in card issuing (Juniper ~18% CAGR) and continued expansion of digital payments.
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