AfricaPay International Limited, based in Moka, Mauritius, is a boutique consultancy and fintech firm specializing in banking and card payment solutions. Founded by seasoned bankers, AfricaPay partners with financial institutions and has transformed card operations from cost centers into profit centers—contributing up to 20% to a bank group’s bottom line.
With deep expertise in the card payments industry, AfricaPay addresses critical challenges faced by banks, particularly in African markets. These include rising USD-denominated card network expenses, profitability pressures, and compliance risks. Its “Expenses Management” product combines AI technology with expert support to reduce costs and improve financial control.
AfricaPay also offers a “Profitability Tool”, which helps banks gain a clearer view of monthly revenues and expenses. By leveraging statistical models and historical data, this tool supports accurate Profit & Loss (P&L) construction and forecasts potential financial outcomes—enabling better strategic decision-making.
In response to widespread reconciliation issues, AfricaPay’s “Reconciliation Management” product improves accuracy and audit control, addressing mismatches in NOSTRO account entries caused by transaction complexity and volume.
Given the shortage of skilled card specialists, AfricaPay also provides expert support in reconciliation, fraud, chargebacks, settlement, system projects, and marketing. Complementing these offerings are consulting, training, and project management services, all tailored in collaboration with leading industry partners. AfricaPay’s mission is to empower banks with actionable insights and act as a trusted advisor in card strategy and innovation.