Mobile Payment Solutions

Name

Mobile Payment Solutions

Legal name

Mobile Payment Solutions

Website

https://mps.co.zm

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Mobile Payment Solutions is a Zambian payment infrastructure provider, founded in 2008 and licensed by the Bank of Zambia, that builds payment gateways, mobile banking platforms, and agricultural and payroll disbursement systems for banks, mobile money operators, utilities, and government agencies in Zambia.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)

akta.pro primary industry

Payment Orchestration Platforms (FSAGABAA)

akta.pro secondary industries

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Carrier Billing & Telco Mobile Money (FSAMAEAD)

Keywords

• Payment processing infrastructure
• Mobile banking platforms
• Merchant payment gateway
• Digital payment solutions
• Beneficiary payment systems

Headquarters

HQ city

Lusaka

HQ country

Zambia

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing Services: Transaction processing fees from payment gateway services for merchants and utility companies. Routes and credits payments in real-time.
2. Platform Licensing: Licensing of payment infrastructure platforms (Mobile Banking Platform, IBPS) to financial institutions and enterprises.
3. Implementation Services: Custom development and deployment services for mobile banking, payment systems, and specialized solutions for government and enterprise clients.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Mobile Payment Solutions develops and licenses digital payment infrastructure, headlined by the UtiliPay Payment Gateway with switching architecture that enables real-time electronic payments and merchant onboarding. Its portfolio includes a Mobile Banking Platform, an Integrated Beneficiary Payments System (IBPS) for casual payroll, and AgroPay for agricultural value chain payments, sold primarily to financial institutions, mobile money operators, utility companies, and government agencies in Zambia.

Product overview

Mobile Payment Solutions offers a portfolio of digital payment products built around a core payment infrastructure. The flagship UtiliPay Payment Gateway serves as the central switching platform linking merchants to payment channels for real-time transactions. Complementary products include the Mobile Banking Platform for consumer-facing remote banking, the Integrated Beneficiary Payments System (IBPS) for casual payroll management across multiple channels, and AgroPay for agricultural value chain payments. The platform processes transactions through integrations with mobile money providers (Airtel Money, MTN Mobile Money) and supports over-the-counter payments via MPOS terminals.

Differentiator

Problem solved

Functional benefit

Brands

• UtiliPay Payment Gateway: A payment gateway enabling real-time electronic payments and instant fund routing to merchants.
• Mobile Banking Platform
• Integrated Beneficiary Payments System (IBPS)
• AgroPay

Products and services

• UtiliPay Payment Gateway A payment gateway enabling real-time electronic payments that routes funds to merchants instantly, with fast merchant and product onboarding in Zambia. Features a switching architecture and supports MPOS extension for mobile and over-the-counter payments.
• Mobile Banking Platform A feature-rich mobile application enabling remote banking operations including P2P transfers, standing orders, DDAC generation, and cheque re-ordering, integrating seamlessly with funds management systems. Designed for banks and financial institutions to provide consumer-facing mobile banking.
• Integrated Beneficiary Payments System (IBPS) A flexible payroll system for casual workers enabling electronic payments via multiple channels (Airtel Money, MTN Money, Kwacha Mover) while simplifying B2P processing and administration with workflow management. Designed for organizations with non-traditional payroll needs.
• AgroPay An agricultural payment platform bridging farmers with financial and agricultural markets, supporting subsidy programs (FISP), purchase schemes (FRA), and seamless payment management for small-scale farmers across Zambia. Includes biometric authentication for offline verification.

Quantifiable outcome

• Kwacha Mover surpassed Western Union as primary money transfer service within 9 months of launch
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and major.

• MTN Mobile MoneycoreTechnology or IntegrationMPS served as primary merchant aggregator providing payment processing infrastructure for MTN Mobile Money, handling over 75% of bill payment transactions. Partnership includes implementation of corporate market services with continued collaboration.
• Airtel MoneycoreTechnology or IntegrationPrimary 3rd party merchant aggregator role in Airtel Money rollout, developing protocols and data interchange APIs for bill payment functionality. Continues collaboration on projects including ABT AIRS.
• Bayport Financial ServicescoreStrategic or Co-development PartnerMPS developed Kwacha Mover from concept to launch for Bayport, creating the leading local money transfer service. MPS designed, implemented, and executed the entire project.
• Investrust BankcoreStrategic or Co-development PartnerIn 2011, Investrust Bank commissioned MPS to design, implement, and deploy mobile banking services. Additional project included FRA farmer payment processing.
• Lusaka Water & Sewerage CompanymajorTechnology or IntegrationDeployed UtiliPay Payment solution for LWSC improving revenue collection, billing transparency, and operational efficiency. MPOS units deployed in peri-urban areas.
• Nkana Water & Sewerage CompanymajorTechnology or IntegrationDeployed UtiliPay Payment solution for NWSC with electronic channel payments credited directly to billing system accounts.
• Ministry of Agriculture (Zambia)coreStrategic or Co-development PartnereVoucher program providing end-to-end digital ecosystem with biometric authentication and stock management for farmers in 19 offline districts.
• ABT AssociatesmajorStrategic or Co-development PartnerDeveloped electronic payment processing strategy for Africa Indoor Residual Spraying Program (AIRS), operating service for first two years with 100% reconciliation success.
• Food Reserve Agency (FRA)majorStrategic or Co-development PartnerSuccessfully processed FRA farmer payments through Investrust Bank mobile banking platform deployment.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Peers

• Onafriq (formerly MFS Africa):

Broad incumbents

• Interswitch: Pan-African digital payments and commerce platform headquartered in Nigeria. Interswitch operates payment switching, processing, and merchant aggregation across multiple African markets, directly comparable to MPS's merchant aggregator and payment gateway role, but at significantly greater scale and geographic breadth.
• Flutterwave: Pan-African payment infrastructure provider offering payment orchestration, APIs, and processing across 30+ African countries. Comparable to MPS as a developer-first payment infrastructure player enabling merchants to connect to local and international payment channels.

Direct peers

• Cellulant: African payments platform providing payment APIs, mobile money aggregation, and disbursement services across multiple countries. Closely mirrors MPS's merchant-aggregation and cross-channel payment-routing model, particularly for bill pay and government disbursement use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mobile-payment-solutions-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Mobile Payment Solutions