Mobile Payment Solutions
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.
- Company typePrivate
- Founded2008
- HeadquartersLusaka, Zambia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Mobile Payment Solutions firmographics
Firmographics- 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
Mobile Payment Solutions industry classification
Industry- 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
Where Mobile Payment Solutions is headquartered
LocationHeadquarters
- HQ city
- Lusaka
- HQ country
- Zambia
- HQ region
- Africa
Offices1 record
Markets served
Mobile Payment Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Services: Transaction processing fees from payment gateway services for merchants and utility companies. Routes and credits payments in real-time.
- Platform Licensing: Licensing of payment infrastructure platforms (Mobile Banking Platform, IBPS) to financial institutions and enterprises.
- 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
Mobile Payment Solutions product offering
Product offeringCore 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
Companies that use Mobile Payment Solutions
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles4 records
Mobile Payment Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
Mobile Payment Solutions partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and major.
- MTN Mobile MoneycoreMPS 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 MoneycorePrimary 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 ServicescoreMPS 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 BankcoreIn 2011, Investrust Bank commissioned MPS to design, implement, and deploy mobile banking services. Additional project included FRA farmer payment processing.
- Lusaka Water & Sewerage CompanymajorDeployed UtiliPay Payment solution for LWSC improving revenue collection, billing transparency, and operational efficiency. MPOS units deployed in peri-urban areas.
- Nkana Water & Sewerage CompanymajorDeployed UtiliPay Payment solution for NWSC with electronic channel payments credited directly to billing system accounts.
- Ministry of Agriculture (Zambia)coreeVoucher program providing end-to-end digital ecosystem with biometric authentication and stock management for farmers in 19 offline districts.
- ABT AssociatesmajorDeveloped 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)majorSuccessfully processed FRA farmer payments through Investrust Bank mobile banking platform deployment.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Mobile Payment Solutions competitors and assessment
Company assessmentPeers
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
Mobile Payment Solutions social profiles
Digital presenceMobile Payment Solutions compliance and trust
Trust signalCompliance1 record
Mobile Payment Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mobile Payment Solutions leadership team
Management profileNumber of profiles
Mobile Payment Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mobile Payment Solutions 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 Mobile Payment Solutions
What does Mobile Payment Solutions do?
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.
Is Mobile Payment Solutions a public or private company?
Mobile Payment Solutions is a private company. It is classified as unknown and is currently operating.
When was Mobile Payment Solutions founded?
Mobile Payment Solutions was founded in 2008. It employs 11 to 50 people.
Where is Mobile Payment Solutions based?
Mobile Payment Solutions is headquartered in Lusaka, Zambia, in the Africa region.
How does Mobile Payment Solutions make money?
Three revenue lines are on record. Payment Processing Services are the primary driver. The others are platform Licensing and implementation Services.
Who are Mobile Payment Solutions's main competitors?
Onafriq (formerly MFS Africa) is listed as a peer. Broad incumbents are Interswitch and Flutterwave. Cellulant is listed as a direct peer.
Does Mobile Payment Solutions have an API?
No public API is recorded for Mobile Payment Solutions.
What industry is Mobile Payment Solutions in?
Mobile Payment Solutions's product category is Payment Processing Software. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 52232.