About Payfasta
Payfasta is a payment software from Payfasta that facilitates bill payments and tracking. It provides features such as buying electricity, buying internet data, paying TV subscriptions, purchasing airtime, and buying exam pins (Jamb, WAEC) so users can manage various payment needs efficiently. The platform includes a free Virtual Account with no additional costs, ensuring secure online payments for users. This makes it easier to stay organized and keep track of expenses related to essential services. Key capabilities: buy electricity buy internet data pay TV subscriptions buy airtime buy exam pins Best for: consumers and students that need a reliable solution for managing multiple bill payments.
Payfasta is a niche B2B Payment and Credit Platform designed for the logistics and transport sectors. In 2026, its primary value is solving the "Cash-Flow Gap" in the trucking industry. Transporters often have to wait 30–60 days to be paid after a delivery; Payfasta allows them to receive payment in minutes, providing them with the working capital needed for fuel and maintenance.
Pros & Cons
- +Saves up to 20% on logistics costs by streamlining the payment process.
- +Logistics providers are more likely to prioritize shippers who pay instantly via Payfasta.
- +Eliminates the "paper trail" of manual invoices and bank transfer screenshots.
- −Very high utility for logistics but limited features for standard retail businesses.
- −The cost of "getting paid early" is a percentage of the invoice, which can eat into thin logistics margins.
- −Requires vendors to be onboarded onto the platform, which can be a hurdle for small, independent truckers.
Features
Key features
- Instant Transporter Payouts
- Converts 30-day invoices into instant cash for logistics providers.
- Vendor Management Portal
- A centralized dashboard for companies to track payment requests and schedule vendor disbursements.
- Credit Access
- Offers customers (shippers) access to short-term credit to pay their transporters during peak seasons.
Additional features
- In 2026, Payfasta—often associated with the Kobo360 logistics ecosystem—has evolved into a specialized supply chain fintech platform. It is designed specifically to solve the "liquidity gap" for vendors, transporters, and manufacturers within the African logistics space.
- Unlike general consumer gateways (like Payfast), Payfasta functions as a Supply Chain Financing (SCF) tool. It allows vendors to receive instant credit or early payments based on their outstanding invoices, ensuring that their trucks keep moving and their factories stay stocked.
- Payfasta (by Kobo360)
- Review
- Payfasta is the financial engine for the modern supply chain. In 2026, it is recognized for transforming "Accounts Receivable" into "Instant Working Capital." For a transporter who has just completed a delivery, the traditional 30-to-60-day wait for payment is a business-killer. Payfasta solves this by allowing that transporter to "sell" their verified invoice to the platform in exchange for immediate cash.
- The platform is highly integrated with the Kobo360 Global Logistics Operating System (G-LOS). This means that as soon as a digital "Waybill" or "Proof of Delivery" is uploaded and verified by the system, the funds are cleared for withdrawal. This deep integration between logistics data and financial services makes Payfasta one of the most reliable credit-scoring engines for the transport sector.
- Key Features
- Instant Vendor Financing
- Provides service providers with immediate cash against verified, completed work orders or invoices.
- Logistics Data Integration
- Directly linked to supply chain tracking systems to verify that goods have been delivered before funds are released.
- Automated Payout Scheduling
- Allows large manufacturers to automate the disbursement of payments to hundreds of individual transporters across different regions.
- All Features
- Invoice Factoring
- Transporters can request early payment on invoices at a small discount to maintain daily liquidity for fuel and repairs.
- Multi-Location Credit Access
- Vendors can access their credit lines and perform transactions across multiple geographical hubs.
- Vendor Onboarding & KYC
- A streamlined digital process to verify the identity and business standing of transport companies.
- Real-Time Settlement Reporting
- A dashboard for both vendors and platform owners to track payment history, pending invoices, and credit utilization.
- Workflow Automation
- Replaces manual spreadsheet-based settlements with an automated "Trigger-to-Pay" system.
- Fraud Mitigation Engine
- Cross-references GPS delivery data with digital signatures to ensure every payment is backed by a legitimate transaction.
- Multi-Currency Capability
- Facilitates cross-border trade by allowing vendors to track earnings in local currencies while managing a unified credit limit.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Payfasta
Payfasta is a payment software from Payfasta that facilitates bill payments and tracking. It provides features such as buying electricity, buying internet data, paying TV subscriptions, purchasing airtime, and buying exam pins (Jamb, WAEC) so users can manage various payment needs efficiently. The platform includes a free Virtual Account with no additional costs, ensuring secure online payments for users. This makes it easier to stay organized and keep track of expenses related to essential services. Key capabilities: buy electricity buy internet data pay TV subscriptions buy airtime buy exam pins Best for: consumers and students that need a reliable solution for managing multiple bill payments.
Payfasta Details
Payfasta's In-App Market Place
Does Payfasta have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
NGN, USD
Pros & Cons
- Saves up to 20% on logistics costs by streamlining the payment process.
- Logistics providers are more likely to prioritize shippers who pay instantly via Payfasta.
- Eliminates the "paper trail" of manual invoices and bank transfer screenshots.
- Very high utility for logistics but limited features for standard retail businesses.
- The cost of "getting paid early" is a percentage of the invoice, which can eat into thin logistics margins.
- Requires vendors to be onboarded onto the platform, which can be a hurdle for small, independent truckers.
Payfasta's Support Options
Payfasta's Alternatives
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