EFT Corporation

Name

EFT Corporation

Legal name

EFT Corporation Limited

Website

https://eftcorp.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Depository Credit Intermediation (5221)

SIC

Finance Services (6199), Services-Prepackaged Software (7372)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Payment infrastructure
• Banking-as-a-service
• Payment processing
• Card issuing
• Payment switching

Headquarters

HQ city

Ebène

HQ country

Mauritius

HQ region

Africa

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction Processing Fees: Revenue generated from processing payment transactions across switching, acquiring, and issuing services. Transaction fees are typically charged as a percentage or fixed amount per transaction processed through the platform.
2. Banking-as-a-Service Platform Fees: Recurring platform licensing fees for white-labelled BaaS solutions enabling banks to deliver digital banking services. Includes API access, infrastructure hosting, and platform maintenance.
3. Card Issuing Services: Revenue from card issuance including physical and virtual card provisioning, card management services, and associated wallet services for banks and fintechs.
4. Switch Infrastructure Services: Revenue from hosted or self-hosted switch deployments including Postilion-based switching infrastructure for banks requiring proprietary payment routing and processing capabilities.

Go-to-market motion4 records

Distribution channels5 records

Marketing channels8 records

Core offering

EFT Corporation provides an end-to-end payment platform built on its Eclipse infrastructure, enabling financial institutions, fintechs, telecom operators, and retailers across Africa to launch and operate digital banking services. Its core offerings cover Banking-as-a-Service (BaaS), card acquiring, card issuing, and payment switching and processing, delivered via APIs, hosted, or self-hosted deployments.

Product overview

EFT Corporation is Africa's leading PCI-compliant payment solutions provider offering an integrated BaaS (Banking-as-a-Service) platform with four core product pillars: Banking-as-a-Service (BaaS), Acquiring, Issuing, and Switching & Payment Processing. The company enables financial institutions, fintechs, telcos, and retailers to modernize banking services through APIs without building their own infrastructure. The portfolio includes digital wallet solutions, POS terminal services, card issuing (physical and virtual), payment switching (hosted and self-hosted options), and the Eclipse developer platform for API integration. The company also offers white-labeled BaaS solutions, BNPL services via Happy Pay partnership, and custom solutions like Change at POS. With 25+ years of experience processing over $33B annually and servicing 100M end-users, the platform is cloud-ready and designed for banks, telcos, and enterprises across Africa.

Differentiator

Problem solved

Functional benefit

Brands

• Eclipse: Developer platform for API integration and payment processing, enabling developers to build and scale payment solutions.
• EFT Corporation Solutions

Products and services

• Banking-as-a-Service (BaaS) White-labelled Banking-as-a-Service platform that lets banks and fintechs deliver cards, wallets, payments, and digital banking services under their own brand using EFT Corporation's API infrastructure.
• Acquiring Merchant acquiring services that accept card payments online and in-store for retailers and financial institutions across Africa.
• Issuing Card-as-a-Service platform enabling banks and fintechs to launch digital and physical cards quickly, including wallet support and card management.
• Switching & Payment Processing Payment switching and orchestration tools that route and process transactions securely for banks, telcos, and large enterprises, delivered as hosted or self-hosted switches.
• Eclipse Developer Platform Developer portal providing API documentation, integration guides, and sandbox environments that enable technical teams to build payment, wallet, card, and KYC integrations on Eclipse.

Quantifiable outcome

• 100M+ end-users serviced through partner financial institutions
• +3 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core.

• Happy PaycoreStrategic or Co-development Partner · 14 October 2025BNPL partnership integrating Buy Now Pay Later service into EFT Corporation's payment platform across South Africa, enabling merchants to offer consumers interest-free installment options at checkout. The service allows consumers to split payments over two interest-free installments aligned with paydays, with no additional development required from merchants. Aims to enhance financial inclusion and drive merchant growth by increasing sales without taking on consumer credit risk.
• VisacoreStrategic or Co-development PartnerPartnership to bolster fintech growth in Africa, enabling financial institutions to leverage Visa's global payment network alongside EFT Corporation's regional infrastructure and BaaS capabilities.
• Amazon Web Services (AWS)coreTechnology or IntegrationCloud infrastructure provider powering EFT Corporation's cloud-ready platform with AWS hosting enabling scalable, always-available payment infrastructure.
• PCI Security Standards CouncilcoreTechnology or IntegrationPCI-DSS compliance certification body ensuring EFT Corporation's payment infrastructure meets global security standards for handling cardholder data.
• ACI Worldwide (Postilion)coreTechnology or IntegrationPostilion payment processing platform licensed from ACI Worldwide, used for switching and routing financial transactions across EFT Corporation's hosted and self-hosted deployments.

Scale indicators6 records

Recent moves7 records

Others

• ACI Worldwide: Provider of the Postilion platform that powers EFT Corp's switching layer, and a broader incumbent selling real-time payments and fraud software to global banks — a key technology partner and adjacent competitor.

Emerging players

• Paystack (Stripe-owned): Nigerian-origin payment gateway now owned by Stripe, expanding into broader African payment infrastructure and developer APIs — emerging competitor to EFT Corp's acquiring and BaaS offerings.
• Mono: African open-banking and financial-data API provider serving fintechs and banks — adjacent competitor in the developer-first banking infrastructure layer where EFT Corp's Eclipse platform competes.

Direct peers

• Flutterwave: Pan-African payment infrastructure provider offering acquiring, payouts and BaaS-style APIs to banks and merchants across the continent — directly competitive with EFT Corp's acquiring, issuing and switching stack.
• TerraPay: Cross-border payments infrastructure connecting mobile wallets, banks and fintechs across emerging markets — directly comparable to EFT Corp's cross-border and wallet-orchestration capabilities.
• Onafriq (formerly MFS Africa): Pan-African digital payments hub connecting mobile wallets, banks and fintechs across 40+ countries — comparable to EFT Corp in building cross-border and B2B payment rails across African markets.
• Cellulant: African digital payments platform operating payment switches, wallets and bank integrations across multiple African countries — directly comparable in scope and target customer base to EFT Corp.
• Interswitch: Largest African payments processor and switch operator headquartered in Lagos, providing card issuing, acquiring, switching and BaaS — overlaps directly with EFT Corp's core product pillars.

Broad incumbents

• Network International: Established payment processor across MENA and Africa providing acquiring, issuing and processing to banks — a broader incumbent competing with EFT Corp in African bank processing and switching mandates.
• Visa Direct: Visa's real-time push payments network used for disbursements and P2P transfers — a broader incumbent network that EFT Corp integrates with and partially competes against in payouts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@EFTCorporationAfrica
• Facebookfacebook.com/eftcorpltd
• LinkedInlinkedin.com/company/3072222
• Xx.com/eftcorp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EFT Corporation