Beyonic logo

Beyonic

by MFS Africa · Since 2009
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SoldAvailable globallyCloud
Quick facts
VendorMFS Africa
Year launched2009
StatusSold
Location51 Eastcheap, City of London, England EC3M 1DT, GB
Countries servedGlobal
Languages2
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Beyonic

Beyonic is a digital payments platform built for African businesses, enabling seamless collections, disbursements, mobile money transactions, bank transfers, and payment automation through a unified interface that simplifies financial operations and improves transaction visibility across multiple markets.

Beyonic is a digital payments platform built for African businesses, enabling seamless collections, disbursements, mobile money transactions, bank transfers, and payment automation through a unified interface that simplifies financial operations and improves transaction visibility across multiple markets. Beyonic supports enterprises, SMEs, fintechs, NGOs, and development organizations by providing secure digital payment infrastructure that connects mobile money networks, banks, and payment channels through APIs and web-based tools. The platform helps organizations manage payroll, supplier payments, beneficiary disbursements, collections, and reconciliation activities while reducing dependence on cash transactions. Following its acquisition by Onafriq, Beyonic expanded its reach by leveraging a broader pan-African payments network, allowing businesses to access multiple payment corridors and financial institutions through a single integration. The platform is designed to improve transparency, operational efficiency, accountability, and scalability for organizations operating across Africa. Beyonic offers real-time transaction processing, bulk payment capabilities, payment tracking, reporting tools, and integration options through APIs and webhooks. Businesses can collect payments through mobile money, bank accounts, payment links, and digital channels while also distributing funds securely to employees, vendors, and customers.

Pros & Cons

Pros
  • Easy platform integration across business systems and payment channels.
  • Real-time transaction visibility enhances transparency and financial accountability processes.
  • Supports mobile money and banking networks throughout African markets.
  • Bulk payment functionality improves operational efficiency and scalability significantly.
Cons
  • Advanced integrations may require technical expertise and development resources.
  • Pricing information not publicly disclosed by the vendor directly.
  • Limited availability outside African markets and supported countries currently.

Features

Key features

Mobile Money Integration

Connects with major mobile network operators to facilitate collections and disbursements.

Automated Reconciliation

Automatically matches incoming and outgoing payments to simplify accounting processes.

Payment Scheduling

Allows businesses to set up future or recurring payments to vendors and beneficiaries.

Customizable Payment Forms

Enables the inclusion of department codes, cost codes, or other metadata in payment workflows.

Real-Time Transaction Monitoring

Provides visibility into payment statuses and detects potential data entry errors or fraud.

Additional features

Bulk Payments

Supports processing large volumes of payments to multiple recipients simultaneously.

Multi-Currency Support

Enables transactions across different currencies to facilitate cross-border business.

Role-Based Access Control

Provides distinct processes and permissions for payment initiators and approvers.

API Access

Offers REST API and webhooks for integration with external accounting and ERP systems.

Payment Links

Generates unique links for customers to make payments online or via mobile.

Receipt Management

Tracks and stores payment records for audit and reporting purposes.

Transaction Analytics

Delivers insights into payment trends and financial performance.

Data Encryption

Secures financial data at rest and in transit using bank-level encryption.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
2
Interface languages
12
Billing currencies

Interface languages

EnglishLuganda

Billing currencies

🇺🇸USD🇺🇬UGX🇰🇪KES🇹🇿TZS🇷🇼RWF🇬🇭GHS🇿🇲ZMWMWKBIF🇨🇲XAF🇸🇳XOF🇺🇸USD

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