“Can Nigeria's leading POS deployment company evolve into the merchant-payments infrastructure layer for sub-Saharan Africa?”
Accelerex began as a Central Bank of Nigeria-licensed Payment Terminal Service Provider (PTSP) deploying POS terminals for merchant-acquiring banks. It has expanded from hardware deployment into a full payments stack — building the RexPay online payment gateway and payment-aggregator services — positioning itself as an infrastructure layer between Nigerian banks and merchants, and expanding into other sub-Saharan African markets.
Accelerex processes payments through RexPay (self-operated) and Accelerex Payment Gateway (self-operated).
Accelerex's cards run on Visa, Mastercard, Verve and Afrigo.
The Embedded Finance Index 2026 maps 2 layers in Accelerex's stack: Payments / PSP (RexPay (self-operated) and Accelerex Payment Gateway (self-operated)); Card network (Visa, Mastercard, Verve and Afrigo).
Accelerex is founded in 2008 and headquartered in Ikeja, Lagos, Nigeria.
Accelerex has raised $20M in total.
Get a read on where your own stack stands against Accelerex and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.