Afrikpay
Afrikpay is a Cameroon-based payment-aggregation platform that unifies mobile money operators, card networks, utilities, and government billers into a mobile app, web portal, and territorial agent network, serving individual consumers, merchants, and cash-based end users across CEMAC.
- Company typePrivate
- Founded2012
- HeadquartersDouala, Cameroon
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Afrikpay does
Afrikpay (legal entity AFRIKPAY SA, headquartered in Douala, Cameroon) is a payment-aggregation platform that started as a bill-payment service in 2012 and has since evolved into a multi-operator mobile money and digital payments hub. The platform integrates with CEMAC-region mobile money operators (MTN Mobile Money, Orange Money, Express Union Mobile, Nexttel, Yoomee, Camtel), the GIMAC interbank card switch, and international networks (Visa, MasterCard, PayPal), exposing those rails through an Android mobile app, a web self-service portal, a developer API, and a physical agent network covering Cameroon's entire territory. Its product surface spans airtime recharge, utility bill payment (ENEO, Camwater, Canal Plus), government tax and customs duties (DGI, Douanes, CNPS, MINESED), university tuition (Université de Dschang), donations, merchant payment acceptance, and a forthcoming PayPal top-up feature.
Afrikpay monetizes primarily through transaction fees and commissions on each rail: per-transaction margins on airtime, bill-payment processing fees, cash-in/cash-out margins shared with agents, and merchant acquiring commissions. Pricing is mostly quote-based and not publicly disclosed; consumer-facing minimums are 100 FCFA for airtime and 1,000 FCFA for bill payments, with a stated ceiling of 1,000,000 FCFA. GTM is hybrid: a digital self-serve motion on web/Android paired with a community-led agent network that extends reach into unbanked and cash-dependent segments. Customer segments are individual consumers (primary), merchants/e-commerce SMBs, and the agent/distributor network itself.
The company operates under a Mauritius-based holding company (TCHAPEU LTD, GBC) and claims a global expansion intent, though operational evidence is concentrated in Cameroon. The management team is led by founder and President Alain Blaise Njomo. Recent capital activity includes a $1,000,000 round from Africa Venture Labs in January 2025. Certificated compliance footprint includes GDPR-aligned data transfer safeguards and KYC/AML measures; AI/ML capability is not materially evidenced beyond generic fraud-prevention language in policy disclosures.
Afrikpay firmographics
Firmographics- Name
- Afrikpay
- Legal name
- AFRIKPAY SA
- Website
- https://afrikpay.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Afrikpay is a Cameroon-based payment-aggregation platform that unifies mobile money operators, card networks, utilities, and government billers into a mobile app, web portal, and territorial agent network, serving individual consumers, merchants, and cash-based end users across CEMAC.
- Ownership category
- akta.pro rank
Afrikpay industry classification
Industry- Product category
- Digital Payments
- akta.pro primary industry
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where Afrikpay is headquartered
LocationHeadquarters
- HQ city
- Douala
- HQ country
- Cameroon
- HQ region
- Africa
Offices1 record
Markets served
Afrikpay business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Airtime Sales Commission: Afrikpay earns commission on airtime purchases made through its platform across multiple mobile network operators including MTN, Orange, Nexttel, and Yoomee. The commission is earned as a percentage of each transaction.
- Bill Payment Processing: The platform charges transaction fees for processing bill payments including utilities (ENEO, Camwater), government services (DGI taxes, customs duties), insurance (CNPS), education fees, and other recurring payments.
- Cash-In/Cash-Out Services: Agents and merchants using the Afrikpay network earn margins on cash conversion services, with Afrikpay taking a share of each cash-in/cash-out transaction facilitated through its platform.
- Merchant Payment Services: E-commerce merchants and businesses pay transaction fees or commissions to accept payments through the Afrikpay platform for goods and services purchased via the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Airtime Purchase Minimum |
| Transaction based/ take rate | Pay-as-you-go | Bill Payment Minimum |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Afrikpay product offering
Product offeringCore offering
Afrikpay is a mobile and web-based payment platform that aggregates multiple mobile money operators (MTN, Orange Money, Express Union Mobile), telecom providers, utility companies, government agencies, and international card networks into a single unified interface. It enables individual consumers and merchants to purchase airtime, pay utility and tax bills, settle university fees, transfer money, and conduct cash-in/cash-out through a dense territorial agent network spanning Cameroon.
Product overview
Afrikpay is a unified mobile payment platform optimized for the African market. The core offering consists of the Afrikpay Mobile Application enabling remote value-added payment services including airtime recharge, bill payment, tax payment, university fees, and donations. The platform integrates with multiple African mobile money operators (MTN, Orange, Express Union, Nexttel) and international payment methods (Visa, MasterCard, PayPal). Additional modules include the Agent Network for cash-in/cash-out operations and Merchant Account services for businesses to accept digital payments. A developer API enables third-party integration. The platform operates under holding company TCHAPEU LTD based in Mauritius and was founded in Cameroon in 2012.
Differentiator
Problem solved
Functional benefit
Companies that use Afrikpay
Customer profileSegments3 records
Ideal customer profiles3 records
Afrikpay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability1 record
Feature4 records
Afrikpay partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core.
- MTN Mobile MoneycoreMTN Mobile Money is integrated into the Afrikpay platform, enabling users to conduct mobile money transactions, cash-in/cash-out, and airtime purchases through the MTN network.
- Orange MoneycoreOrange Money mobile money service is integrated into the Afrikpay platform, providing another major telecom network option for users to send money, pay bills, and purchase airtime.
- Express Union MobilecoreExpress Union Mobile money service is integrated into the Afrikpay platform, expanding mobile money operator coverage for users.
- VisacoreVisa card network partnership enables card-based transactions and expands payment options beyond mobile money on the Afrikpay platform.
- MasterCardcoreMasterCard card network partnership enables card-based transactions, enhancing the payment ecosystem on the Afrikpay platform.
- GIMAC (Groupement Interbancaire Monétique de l'Afrique Centrale)coreGIMAC is the Central African interbank electronic monetary group switch. Integration enables ATM network connectivity and card processing for the CEMAC region.
- ENEO CamerooncoreENEO (Electricity of Nigeria? - actually Cameroon) is the national electricity utility integrated into Afrikpay for bill payment services, allowing users to pay their electricity bills digitally.
- CamwatercoreCamwater, the national water utility of Cameroon, is integrated for bill payment processing through the Afrikpay platform.
- DGI (Direction Générale des Impôts)coreCameroon's General Tax Directorate is integrated for digital tax payment services, enabling citizens to pay various taxes through the Afrikpay platform.
- Douanes CamerooncoreCameroon Customs (Douanes) services are integrated for customs duty and related payment processing through the Afrikpay platform.
- CNPS (Caisse Nationale de Prévoyance Sociale)coreCameroon's National Social Insurance Fund is integrated for social security contribution payments through the Afrikpay platform.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Afrikpay competitors and assessment
Company assessmentDirect peers
- Onafriq (formerly MFS Africa): Pan-African mobile money aggregator and cross-border payments network. Directly comparable to Afrikpay as both aggregate mobile money operators and bank rails across multiple African countries.
- Flutterwave: Pan-African payment platform enabling businesses to accept and process payments across mobile money, cards, and bank channels. Comparable in offering unified payment acceptance across operators.
- Cellulant: Pan-African digital payments platform providing payment aggregation, bill pay, and banking-as-a-service. Already a listed partner of Afrikpay and a direct competitor in bill payment aggregation.
- Paystack: African online payment gateway for businesses, now owned by Stripe. Comparable in enabling merchants to accept multiple payment methods including mobile money and cards.
- DPO Group (Network International): Pan-African online payment processor serving multiple African countries with cards, mobile money, and bank payments. Comparable as a regional payment aggregation and processing provider.
Broad incumbents
- MTN MoMo (MTN Group): Mobile money platform operated by MTN, covering multiple African countries. As a direct upstream partner and platform on its own, MTN MoMo is a key competitor and a possible disintermediator.
- Orange Money: Mobile money service operated by Orange across Africa. Functions both as a partner to Afrikpay and a competing wallet, particularly strong in Cameroon.
- M-Pesa (Vodacom/Safaricom): Largest mobile money platform in Africa, originally launched in Kenya. Comparable as a dominant mobile money operator whose footprint sets the competitive benchmark for African payment aggregators.
Emerging players
- Wave: Mobile money operator building low-fee digital wallets across West and Central Africa. Comparable in serving underbanked consumers with mobile-first payment and cash-agent services.
- Paga: Nigerian mobile money and payments platform with agent network for cash-in/cash-out. Comparable business model combining mobile wallet, agent distribution, and merchant payments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Afrikpay social profiles
Digital presenceAfrikpay compliance and trust
Trust signalCompliance2 records
Afrikpay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Afrikpay leadership team
Management profileNumber of profiles
Profiles1 record
Afrikpay funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Afrikpay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Afrikpay
What does Afrikpay do?
Afrikpay is a mobile and web-based payment platform that aggregates multiple mobile money operators (MTN, Orange Money, Express Union Mobile), telecom providers, utility companies, government agencies, and international card networks into a single unified interface. It enables individual consumers and merchants to purchase airtime, pay utility and tax bills, settle university fees, transfer money, and conduct cash-in/cash-out through a dense territorial agent network spanning Cameroon.
Is Afrikpay a public or private company?
Afrikpay is a private company. It is classified as corporate owned and is currently operating.
When was Afrikpay founded?
Afrikpay was founded in 2012. It employs 11 to 50 people.
Where is Afrikpay based?
Afrikpay is headquartered in Douala, Cameroon, in the Africa region.
How does Afrikpay make money?
Four revenue lines are on record. Airtime Sales Commission is the primary driver. The others are bill Payment Processing, cash-In/Cash-Out Services and merchant Payment Services.
Who are Afrikpay's main competitors?
Direct peers on record are Onafriq (formerly MFS Africa), Flutterwave, Cellulant, Paystack and DPO Group (Network International). Broad incumbents are MTN MoMo (MTN Group), Orange Money and M-Pesa (Vodacom/Safaricom). Emerging players are Wave and Paga.
Does Afrikpay have an API?
Yes. Afrikpay offers an API for developers. A link to API documentation is available at developer.afrikpay.com/doc.html. Developer documentation is at developer.afrikpay.com/doc.html.
What industry is Afrikpay in?
Afrikpay's product category is Digital Payments. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure.