PawaPay has processed three billion successful mobile money transactions through its platform, underscoring the rapid growth of digital payments across Africa and increasing demand from businesses seeking reliable cross–border payment infrastructure.
The company said it has reached its third billion transactions in less than nine months, three months faster than it took to process the previous billion. Over the same period, daily transaction volumes nearly doubled from about 2.4 million to five million.
The achievement comes amid continued expansion of Africa’s mobile money ecosystem. According to the GSMA State of the Industry Report 2026, mobile money transaction value across Africa grew by 26% last year, while merchants payments globally increased by 50% to $155 Billion. Further, this transaction growth has outpaced broader market trends across several sectors it serves.
Founded to simplify access to Africa’s fragmented mobile money landscape, PawaPay connects businesses to nearly 50 mobile money operators across 20 African markets through a single API. The platform provides access to more than one billion mobile wallets and holds direct regulatory licenses where required by local regulations.
PawaPay’s customer base includes companies operating in sectors such as retail, e-commerce, education, technology and healthcare. Examples include optical retailer Lapaire, which processes payments for eye tests and eyewear across several markets, as well as online merchants and education platforms that rely on mobile money to receive customer and parent payments.
Additionally, PawaPay manages operator connectivity, settlement, foreign exchange, reconciliation, and regulatory compliance on behalf of merchants operating across its markets.
The company has also revealed that since 2022, it has incorporated stablecoins into its treasury operations, a move aimed at reducing settlement float and improving predictability when managing transactions across multiple African currencies.
Heiti Allak, Director of Product at PawaPay, said businesses expanding across Africa should not be burdened with building internal payments, stating that each market brings new operator deals, settlements, support, and treasury demands, which PawaPay handles on behalf.
“PawaPay takes that complexity away from the business, enabling them to focus on their customers and growth. Three billion transactions is what mobile money looks like when it sits behind everyday economic activity, from transport and subscriptions to remittance and humanitarian support.” He added.
In six years, PawaPay has powered mobile money for companies’ remittances, transport, digital services, and humanitarian aid. Businesses like Deriv and GiveDirectly depend on it to access multiple African markets via a single integration.
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