MFS Africa (Onafriq)
“Can one company wire all 43 African nations into a single interoperable payments network and sell that access — across mobile money, cards, banks, and agents — to every global enterprise, PSP, and MTO that wants to move money on or off the continent?”
Founded in 2009 as MFS Africa to solve mobile money interoperability in Africa, the company spent its first decade building the infrastructure layer connecting fragmented mobile money schemes across African borders. A series of acquisitions (Beyonic 2020, BAXI 2021, GTP 2022) expanded the platform from pure network interoperability into B2B disbursements, agent banking, and prepaid card issuing — including a US foothold via GTP. The 2023 rebrand to Onafriq signals the shift from a mobile-money-centric identity to an omni-channel 'network of networks' targeting enterprises, PSPs, MTOs, and fintechs globally seeking African payment access.