Onafriq Payments Network logo

Onafriq Payments Network

by Onafriq · Since N/A
No reviews yet
Active1+ countriesCloud
Quick facts
VendorOnafriq
Year launchedN/A
StatusActive
Location51 Eastcheap, London, EC3M 1JP, United Kingdom & primary operations in Johannesburg, Gauteng, South Africa
Countries served1+
Languages1
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About Onafriq Payments Network

Onafriq Payments Network is a payment processing platform from Onafriq that provides a secure method for conducting transactions. It includes features such as cross-border payments, real-time transaction tracking, and fraud detection to ensure safety and transparency in financial exchanges. Users can execute transactions quickly while maintaining regulatory compliance and security. The platform is designed to support various currencies and payment methods, making it versatile for international use. Key capabilities: cross-border payment processing real-time transaction monitoring fraud detection and prevention regulatory compliance support multi-currency support Best for: businesses and individuals that need reliable and secure payment processing solutions.

Onafriq is a pan‑African digital payments network designed to unify fragmented payment systems across mobile wallets, bank accounts, and card rails in Africa — effectively making cross‑border and domestic payments simpler for businesses and platforms. Its cloud‑based API platform offers comprehensive services like collections, disbursements, prepaid card issuance, and agent banking, all accessible through a single integration point, eliminating the need to manage multiple disparate payment connections. What sets Onafriq apart is its wide reach — connecting up to 1 billion mobile wallets and hundreds of millions of bank accounts across more than 40 markets — and its ability to harmonise real-time payments across different systems at scale. The platform’s support for treasury services and multi‑currency settlement also makes it attractive for enterprises looking to operate in multiple jurisdictions. However, the offering is clearly specialised for business and developer use; there’s no visible in‑app marketplace or consumer‑centric mini apps, and pricing details aren’t publicly disclosed, which may make initial evaluation harder for smaller organisations.

Pros & Cons

Pros
  • Connects to multiple payment networks and supports cross-border and domestic transactions efficiently
  • Cloud-based API allows seamless integration, reducing the need for multiple payment connections
  • Supports collections, disbursements, prepaid card issuance, and agent banking through one platform
  • Wide reach across over 40 African markets, connecting up to 1 billion mobile wallets and hundreds of millions of bank accounts
  • Enables real-time payments harmonization across different financial systems at scale
Cons
  • Limited transparency on transaction issues according to some user reviews
  • Some users have reported delays or failures in payments processing
  • Not all smaller businesses may be able to leverage the full platform capabilities
  • Requires technical expertise to implement and manage effectively
  • May face regulatory or compliance challenges in some African markets due to cross-border operations

Features

Key features

Real-time Payments Network

Connects mobile wallets and bank accounts across Africa for instant transactions

Cross-Border Disbursements

Enables fast and secure payouts across regions with single integration

Collections API

Accept payments from multiple channels including cards, cash, and mobile wallets

Card Issuance Services

Supports virtual and physical prepaid card programs for enterprises and banks

Agent Banking

Access to large agent networks, including Nigeria’s Baxi network, for cash-in/out services

Treasury & FX Support

Multi-currency settlement and treasury services for cross-border payments

Developer/API Portal

Provides documentation and integration tools for easy onboarding and automation

Additional features

Collections

Receive payments via cards, cash, and mobile wallets through single integration

Disbursements

Fast and secure bulk payouts for multiple use cases

Card Issuance

Launch and scale prepaid card offerings, virtual or physical

Agent Banking

Make and receive payments through a super-agent network

Treasury Services

Access multiple currencies and simplify foreign exchange

Developer/API Portal

API documentation and tools for integration and automation

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

1
Countries served
1
Interface languages
7
Billing currencies

Available in

African

Interface languages

English

Billing currencies

🇳🇬NGN🇺🇸USD🇪🇺EUR🇿🇦ZAR🇰🇪KES🇬🇭GHS🇺🇬UGX

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