About Beyonic
A digital payment platform for small businesses to collect payments from customers, make payouts to vendors, and manage cash flow. It supports mobile money and bank account integrations for streamlined financial operations.
Beyonic, now part of the Onafriq SME product suite, is a digital payment platform designed to help small businesses in emerging markets—particularly Uganda—manage their financial workflows. It replaces manual cash handling with a centralized digital system that integrates with mobile money networks and banks. The platform is built for businesses that need to collect payments from customers and disburse funds to vendors or gig workers efficiently. Key capabilities include automated reconciliation, customizable approval workflows, and real-time transaction monitoring, which help reduce fraud and administrative overhead. Beyonic offers a web-based portal and an API for businesses that need to connect their payment data to other tools like Salesforce or accounting software. While it is highly regarded for its ease of use and focus on mobile money, potential users should note that pricing is sales-led and not publicly disclosed, requiring direct contact with the Onafriq team. It is a robust choice for organizations looking to digitize their payment processes and improve transparency in their financial operations.
Pros & Cons
- Simplifies payment collection and disbursement for businesses using mobile money.
- Reduces manual reconciliation efforts through automated payment tracking.
- Provides secure, role-based access control for payment approvals.
- Integrates with major accounting and ERP systems via API.
- Supports multi-currency transactions for cross-border operations.
- Pricing is sales-led and not publicly available, requiring contact with the vendor.
- Geographic availability is primarily focused on specific African markets like Uganda.
- High transaction fees may apply depending on the payment method and volume.
Features
Key features
Connects with major mobile network operators to facilitate collections and disbursements.
Automatically matches incoming and outgoing payments to simplify accounting processes.
Allows businesses to set up future or recurring payments to vendors and beneficiaries.
Enables the inclusion of department codes, cost codes, or other metadata in payment workflows.
Provides visibility into payment statuses and detects potential data entry errors or fraud.
Additional features
Supports processing large volumes of payments to multiple recipients simultaneously.
Enables transactions across different currencies to facilitate cross-border business.
Provides distinct processes and permissions for payment initiators and approvers.
Offers REST API and webhooks for integration with external accounting and ERP systems.
Generates unique links for customers to make payments online or via mobile.
Tracks and stores payment records for audit and reporting purposes.
Delivers insights into payment trends and financial performance.
Secures financial data at rest and in transit using bank-level encryption.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Beyonic
A digital payment platform for small businesses to collect payments from customers, make payouts to vendors, and manage cash flow. It supports mobile money and bank account integrations for streamlined financial operations.
Beyonic Details
Beyonic's In-App Market Place
Does Beyonic have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
12
Mini Apps
1. Payment Gateway Integrations: Beyonic offers popular payment gateway integrations such as PayPal
Stripe
and M-Pesa for seamless transaction processing.
2. SMS Notifications: This add-on allows users to send automated SMS notifications to customers regarding payment confirmations
reminders
and updates.
3. Custom Reporting Tools: Users can access advanced reporting tools that provide detailed insights into payment processing activities
reconciliation
and financial performance.
4. Fraud Detection Tools: Beyonic offers add-ons for fraud detection and prevention
helping users to mitigate risks associated with fraudulent transactions.
5. Mobile App Integration: This add-on enables users to integrate Beyonic's payment processing functionalities into their existing mobile applications for a unified user experience.
Pricing Options
Accepted Payment Currencies
USD ($), UGX (USh), KES (KSh), TZS (TSh), RWF (RF), GHS (GH₵), ZMW (K), MWK (MK), BIF (FBu), XAF (FCFA), XOF (CFA)
Pros & Cons
- Simplifies payment collection and disbursement for businesses using mobile money.
- Reduces manual reconciliation efforts through automated payment tracking.
- Provides secure, role-based access control for payment approvals.
- Integrates with major accounting and ERP systems via API.
- Supports multi-currency transactions for cross-border operations.
- Pricing is sales-led and not publicly available, requiring contact with the vendor.
- Geographic availability is primarily focused on specific African markets like Uganda.
- High transaction fees may apply depending on the payment method and volume.
Beyonic's Support Options
Email Address
support@beyonic.comDocumentation
https://support.beyonic.com/hc/en-usCommunity Forums
https://community.beyonic.com/Beyonic's Alternatives
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