ARCA Payments Company LTD.
“Can a CBN-licensed processor become Africa's default card issuing, switching, and disbursement infrastructure for banks and governments?”
Founded2016
HQLekki, Lagos, Nigeria
IndustryInfrastructure / Payments
The story
Founded in 2016 and headquartered in Lekki, Lagos, ARCA is a Nigerian payments infrastructure company licensed by the Central Bank of Nigeria (CBN). It provides card issuing/processing (Visa & Mastercard), POS terminal management, agency banking, ACH account-to-account switching, e-commerce acquiring and QR/NFC processing to banks, corporates, and government agencies. The company has expanded via a UK entity (2020) and workforce across Nigeria, UK, Portugal, Canada, and the US.
Last 12 months
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Product timeline
2016
ARCA Payments founded in Nigeria to power Africa's digital payments infrastructure.· pivot
2020
ARCA Payments Company Limited incorporated in the UK (Companies House 12549597).· pivot
2023
ArcaMoney goes live in Plateau State, Nigeria.· banking
Regulated entities
1
regulatory licence held by ARCA Payments Company LTD.
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in ARCA Payments Company LTD.’s embedded-finance stack
Payments / PSP
Arca Pay (self-operated)Arca Switch (self-operated)Arca CMS (self-operated)Arca TMS (self-operated)Arca Collections (self-operated)
Money movement
in the full report
Card issuing
in the full report
Card network
in the full report
Accounting gap: none
5 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.