“Can a CBN-licensed agency-banking + POS platform become the payments backbone for Africa's informal and everyday economy?”
Founded 2021 as Paymi Solutions, a CBN-licensed Nigerian fintech serving merchants, banks and government agencies. Evolved into a consumer-facing payments brand — payZeep — targeting POS agents, e-hailing drivers, and SMB merchants across Nigeria with agency banking, POS/MPOS terminals, USSD and online checkout. Backed by Cavista Holdings as its fintech arm, it is now expanding across Africa starting with Botswana.
payZeep (Paymi Solutions) discloses payZeep (self-operated, CBN-licensed) as its banking provider, according to the Embedded Finance Index 2026.
payZeep (Paymi Solutions) does not disclose a bank charter of its own; its banking services are provided through payZeep (self-operated, CBN-licensed).
payZeep (Paymi Solutions) processes payments through payZeep Payment Gateway (self-operated), payZeep POS (self-operated), payZeep MPOS (self-operated) and payZeep Mini Card Reader (self-operated).
The Embedded Finance Index 2026 maps 2 layers in payZeep (Paymi Solutions)'s stack: Payments / PSP (payZeep Payment Gateway (self-operated), payZeep POS (self-operated), payZeep MPOS (self-operated) and payZeep Mini Card Reader (self-operated)); Banking / BaaS (payZeep (self-operated, CBN-licensed)).
payZeep (Paymi Solutions) was founded by Timilehin Oloruntoba and is founded in 2021, headquartered in Lagos, Nigeria.
Get a read on where your own stack stands against payZeep (Paymi Solutions) 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.