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Onafriq Payments Network

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Software Status:Active

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 Payments Network Details

Vendor
Onafriq
Year Launched
N/A
Location
51 Eastcheap, London, EC3M 1JP, United Kingdom & primary operations in Johannesburg, Gauteng, South Africa
Deployment
cloud
Training Options
documentation
Countries Served
African
Languages
English
Users
Enterprises, Fintech platforms, Banks, Payment organizations
Industries Served
Fintech, Banks, Mobile Network Operators, Money Transfer Organizations, Enterprises, Non-profit organizations, Government Development Organizations
Tags
Onafriq, #Fintech, #DigitalPayments, #MobileMoney, #Cross-BorderAPI, #PaymentsInfrastructure

Onafriq Payments Network's In-App Market Place

Does Onafriq Payments Network have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

1

Mini Apps

N/A

Pricing Options

Free trial
Free version
Request a quote
Promo Offer

Accepted Payment Currencies

NGN (₦), USD ($), EUR (€), ZAR (R), KES (KSh), GHS (GH₵), UGX (USh)

Pros & Cons

  • 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
  • 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

Onafriq Payments Network's Support Options

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