EFT Corporation
- Company typePrivate
- Founded2002
- HeadquartersEbène, Mauritius
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
EFT Corporation firmographics
Firmographics- 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
EFT Corporation industry classification
Industry- 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
Where EFT Corporation is headquartered
LocationHeadquarters
- HQ city
- Ebène
- HQ country
- Mauritius
- HQ region
- Africa
Offices8 records
Markets served
EFT Corporation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- 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.
- 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.
- Card Issuing Services: Revenue from card issuance including physical and virtual card provisioning, card management services, and associated wallet services for banks and fintechs.
- 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
EFT Corporation product offering
Product offeringCore 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
Companies that use EFT Corporation
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles1 record
EFT Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature8 records
EFT Corporation partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Happy PaycoreBNPL 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.
- VisacorePartnership 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)coreCloud infrastructure provider powering EFT Corporation's cloud-ready platform with AWS hosting enabling scalable, always-available payment infrastructure.
- PCI Security Standards CouncilcorePCI-DSS compliance certification body ensuring EFT Corporation's payment infrastructure meets global security standards for handling cardholder data.
- ACI Worldwide (Postilion)corePostilion 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
EFT Corporation competitors and assessment
Company assessmentOthers
- 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
EFT Corporation social profiles
Digital presenceEFT Corporation compliance and trust
Trust signalCompliance4 records
EFT Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
EFT Corporation leadership team
Management profileNumber of profiles
Profiles9 records
EFT Corporation subsidiaries and ownership
Company hierarchySubsidiaries7 records
EFT Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EFT Corporation 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 EFT Corporation
What does EFT Corporation do?
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.
Is EFT Corporation a public or private company?
EFT Corporation is a private company. It is classified as unknown and is currently operating.
When was EFT Corporation founded?
EFT Corporation was founded in 2002. It employs 101 to 250 people.
Where is EFT Corporation based?
EFT Corporation is headquartered in Ebène, Mauritius, in the Africa region.
How does EFT Corporation make money?
Four revenue lines are on record. Transaction Processing Fees are the primary driver. The others are banking-as-a-Service Platform Fees, card Issuing Services and switch Infrastructure Services.
Who are EFT Corporation's main competitors?
ACI Worldwide is listed as an others. Emerging players are Paystack (Stripe-owned) and Mono. Direct peers are Flutterwave, TerraPay, Onafriq (formerly MFS Africa), Cellulant and Interswitch. Broad incumbents are Network International and Visa Direct.
Does EFT Corporation have an API?
Yes. EFT Corporation offers the Eclipse API platform for developers to build and integrate payment solutions. The platform supports Banking-as-a-Service (BaaS), Acquiring, Issuing, and Switching & Payment Processing products. Eclipse includes APIs for wallet management, card operations, transaction processing, KYC integration, and payment orchestration. The developer portal provides integration guides, API reference documentation, and sandbox environments for testing. The platform supports key encryption management, gCaptcha integration for verification endpoints, and various wallet types with different KYC requirements. Developer documentation is at developer.eftcorp.com.
What industry is EFT Corporation in?
EFT Corporation's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 522320 and its SIC code is 6199.