AfricaPay is a nine-year-old Fintech Premier consulting firm, solutions provider and applications development company that operates mainly within the banking industry to provide consultancy, business advisory, applications development, project management and training services. We specialise in the cards, credit and payments field with several years of experience working with banks, network associations and business partners. It was created by two ex- bankers who realized that payments were complex and that many financial institutions struggled to make payments profitable in Africa. Having trawled through Africa, We firmly believe in alleviating poverty in Africa by laying out the payments infrastructure for entrepreneurs to flourish. Making payments profitable for Banks and Financial Institutions is key for that investment in infrastructure to be deployed.
Why choose us
Our founders have a culture of ‘First’s’ and this was the foundation of AfricaPay Culture. We believe in well thought tailor-made solutions to suit the market and address the ‘problem statement’ of the community at large. In their previous roles as bankers, our founders created took the cards business of the leading bank of Mauritius and transformed it into a $30m profit business. AfricaPay has also launched the ‘first’ mobile banking application in the island which has today been deployed in Madagascar and Seychelles. As part of AfricaPay, we launched the first ecommerce platform and issued the first MasterCard plastics in Madagascar. We launched the first credit card for Nigerian Unicorn and premier private switch Interswitch and also launched the first QR Code payments with mVISA in Tanzania. Today we are redefining the payments business landscape of countries such as Kenya, Madagascar, Tanzania and Zimbabwe through partnerships with the leading banks.
Premier Card Business Management
AfricaPay has also the capability to manage the Cards Business and Portfolio on behalf of banks. We are today defining the cards strategy, project, and business execution of one of the leading banks in Tanzania, Madagascar, Kenya, Zimbabwe as well as a similar projects with a leading bank in the Democratic Republic of the Congo. We manage all the cards activities including marketing, operations, systems projects and financials with the objective of building a successful and profitable cards business. We also offer outsourcing solutions and options for:
- Card Business Strategy and Management
- Card IT Project and Business as Usual support and activities
- Card Finance Reconciliation and Settlement
- Card Risk Fraud and Chargeback Management
Premier Mastercard DSS
We are today honoured to be a MasterCard accredited training and consultancy company for the Middle East and Africa. We are also an extension leg of Mastercard advisory on the DSS – Deployment Support Services program where AfricaPay has successfully delivered several projects. We are now a reference for Mastercard and Visa for all training and cards consultancy with several successful projects in the field of cards product launch, credit management, dynamic currency conversion as well as industry wide cards training.
Premier Training of Excellence
We have also developed a reputation for Excellence in Cards training and consultancy with customized training sessions held in NMB in Tanzania, Steward Bank in Zimbabwe, Enterprise Bank & Interswitch in Nigeria, I&M Bank in Rwanda and BIAC, ProCredit and Interswitch GIE in the Democratic Republic of the Congo. We have a partnership with the MasterCard Academy, given an industrywide training to all banks in Ghana, Pakistan and the Democratic Republic of the Congo on the financial economics of running a Cards Business. We have offered merchant training to banks in Zimbabwe and Angola.
AfricaPay is a Premier consultancy firm specialized in the niche payments world. We work with Tier 1 Banks in Africa to develop powerful strategies and drive their profitability. This is achieved through specialized choice of payments products, specialized IT and Cards Project Managements skills, marketing, tight credit risk and collections management, great management information, rigorous financial management, achieving up to 15% of Bank Group P&L solely through cards.