What Green-Pay does

Green-Pay is an Ivorian fintech company founded in 2019 and headquartered in Abidjan, Côte d'Ivoire, that operates a digital payment acceptance network for merchants across the country. The company's core product is the GIM-UEMOA-certified TPE (Terminal de Paiement Électronique), built on PAX A920 hardware, which accepts mobile money payments from Orange Money, MTN MoMo, and Moov Money, as well as Visa, Mastercard, and GIM-UEMOA bank cards through a single device. Green-Pay also offers a mobile application supporting NFC, QR Code, and facial recognition payment methods, a real-time transaction reporting backoffice, and, as of November 2025, an FNE (Facture Normalisée Électronique) electronic invoicing service authorized by Côte d'Ivoire's Direction Générale des Impôts.

Green-Pay generates revenue through transaction processing fees on payments routed through its terminals and through terminal hardware sales; no monthly rental or leasing fees are charged to merchants, and support, maintenance, and software updates are provided free of charge. The company operates a channel-partner go-to-market model: merchants first sign a contract with a partner mobile money operator or bank (the roster includes Orange Money, MTN, Moov, ECOBANK, BGFI, GT Bank, UBA, BACI, NSIA, BSIC, Bridge Bank, BOA, BDA, YUP CI, VERSUS, MANSA, and Orange Bank), then collect their Green-Pay terminal from the company's offices or authorized partner locations. Green-Pay's primary customer segment is small and medium-sized merchants, with secondary service to financial institutions and end consumers using the mobile application.

Within three years of founding, Green-Pay deployed approximately 20,000 merchant acceptance points across more than 20 cities in Côte d'Ivoire, including Abidjan, Bouaké, Daloa, Yamoussoukro, Korhogo, San-Pédro, and Man. The company's shareholder structure combines Orange Côte d'Ivoire Participations (since August 2023) and the state-backed Caisse des Dépôts et Consignations de Côte d'Ivoire (since December 2025), positioning it for expansion across the broader UEMOA economic zone. Named enterprise customers include PROSUMA (and its sub-brands FNAC, Cash Express, Hyper Casino, Bon Prix), Super U, Hyper Hayat, DHL, CIE (Compagnie Ivoirienne d'Électricité), Saham, Librairie de France, and Novamed.

Name

Green-Pay

Legal name

Green-Pay

Website

https://greenpayci.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Green-Pay is an Ivorian fintech founded in 2019 that deploys GIM-UEMOA-certified payment terminals accepting mobile money and bank cards. It serves over 20,000 merchants across 20+ cities in Côte d'Ivoire through partnerships with telecom operators and banks.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Digital payment terminals
• Mobile money payments
• Merchant payment solutions
• Electronic payment processing
• Payment terminal network

Headquarters

HQ city

Abidjan

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Transaction Fees: Green-Pay earns transaction fees on each payment processed through its TPE network. The company integrates multiple mobile money operators and bank networks, taking a percentage of each transaction. No monthly rental fees are charged to merchants for terminal usage.
2. Terminal Hardware Sales: Sale and distribution of PAX A920 payment terminals to merchants and partner financial institutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Green-Pay deploys and operates a network of multi-method electronic payment terminals (PAX A920) connected to the GIM-UEMOA regional interbank network, accepting all major mobile money operators (Orange Money, MTN MoMo, Moov Money) and bank cards (Visa, Mastercard) at merchant points of sale. The company also provides a mobile payment application (NFC, QR Code, facial recognition) and an FNE electronic invoicing service for tax compliance. Revenue is earned primarily through per-transaction fees with no monthly terminal rental charged to merchants.

Product overview

Green-Pay is a digital payment solutions provider offering a unified platform consisting of electronic payment terminals (TPE) connected to the GIM-UEMOA regional interbank network, a mobile application enabling NFC, QR Code, and facial recognition payments, and a real-time merchant reporting backoffice. The core offering centers on the PAX A920 payment terminals that accept mobile money (Orange Money, MTN, Moov) and bank cards (Visa, Mastercard), while the mobile app extends contactless payment capabilities to customers. Additional services include FNE electronic invoicing for fiscal compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• TPE (Terminal de Paiement Électronique) PAX A920 electronic payment terminal (TPE) connected to the GIM-UEMOA regional interbank network. Accepts all major mobile money operators (Orange Money, MTN MoMo, Moov Money) and bank cards (Visa, Mastercard). Supports QR Code (Green-Pay and Orange Money), NFC, manual card entry, and facial recognition payment methods. Deployed free of charge to merchants in Côte d'Ivoire with no monthly rental fees.
• Green-Pay Mobile Application Mobile application available on Google Play and App Store that enables customers to make contactless payments via NFC, QR Code, and facial recognition authentication at Green-Pay merchant acceptance points. Available in French language edition.
• FNE (Facture Normalisée Électronique) Electronic Invoicing Service TERNE (Terminal de Recette Normalisée Électronique) electronic standardized invoice service approved by the Direction Générale des Impôts (DGI) of Côte d'Ivoire. Enables merchants to issue fiscal-compliant electronic invoices as part of the country's tax digitalization initiative.

Quantifiable outcome

• 20,000 merchant acceptance points deployed in 3 years
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• Moov MoneycoreTechnology or Integration · 17 November 2021Partnership signed November 17, 2021 for Moov Money merchant payment acceptance. Green-Pay provides terminal infrastructure for Moov Money transactions with zero consumer fees.
• GIM-UEMOAcoreStrategic or Co-development Partner · 28 January 2021Strategic partnership signed January 28, 2021 for the promotion of digital payments in the UEMOA region. GIM-UEMOA provides regulatory framework and network access; Green-Pay serves as certified terminal provider deploying PAX A920 terminals connected to the regional interbank network.
• ECOBANK CIcoreTechnology or Integration · 1 December 2020Partnership signed December 2020 for acceptance of Visa, Mastercard and GIM-UEMOA card payments via Green-Pay TPE terminals. ECOBANK and Green-Pay deployed terminals to merchant locations.
• MTN Mobile Money (MoMo)coreTechnology or Integration · 5 May 2020Partnership signed May 5, 2020 for MTN MoMo merchant payment acceptance with zero fees for consumers. Green-Pay terminals integrate MTN Mobile Money for merchant receiving and customer payments.
• Orange Money Côte d'IvoirecoreTechnology or Integration · 7 October 2019Strategic partnership signed October 7, 2019 for the promotion of Orange Money merchant payments with zero fees for consumers. Green-Pay terminals enable merchants to accept Orange Money payments.
• PAX TechnologycoreTechnology or IntegrationPAX is the hardware manufacturer for Green-Pay's payment terminals (PAX A920 model). Green-Pay is GIM-UEMOA certified as an approved supplier of PAX A920 terminals with homologated software applications meeting PCI-PTS security standards.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Paga: Nigeria-based mobile money and POS payment acceptance provider serving merchants and consumers with multi-channel digital payments—an early-stage-to-growth peer operating an analogous mobile-money-plus-card terminal model.
• CinetPay: West African payment gateway and merchant acquirer offering multi-method payment acceptance (mobile money, cards, QR) across Francophone Africa including Côte d'Ivoire—directly competing in the same geographic and product footprint as Green-Pay.
• Interswitch: Nigerian-founded pan-African digital payments and commerce company operating a PayFac-style model with POS terminal deployment, multi-channel payment acceptance, and bank-grade infrastructure—directly analogous to Green-Pay's terminal-first, multi-method approach.

Broad incumbents

• Network International: Established Africa- and Middle-East-focused payment processor and acquirer offering POS, merchant services, and card processing infrastructure—broad incumbent with overlapping capabilities to Green-Pay's merchant acceptance stack.
• Flutterwave: Pan-African payment infrastructure platform enabling merchants to accept and process payments across mobile money, cards, and bank transfers—overlaps with Green-Pay's merchant acceptance focus but operates at much broader scale and via API-first rather than terminal-first delivery.
• Cellulant: Pan-African digital payments platform providing payment gateway, mobile money aggregation, and merchant collection services—comparable to Green-Pay's role as an integrator of mobile money operators and bank channels across multiple African markets.
• Paystack: Stripe-owned African payment gateway enabling online and offline merchants to accept multiple payment methods across Nigeria, Ghana, South Africa, and Côte d'Ivoire—an incumbent competitor in the same merchant acceptance category, primarily online-first.

Emerging players

• Onafriq (formerly MFS Africa): Pan-African mobile money interoperability and cross-border payments network connecting operators across the continent—comparable to Green-Pay's mobile-money aggregation strategy and UEMOA cross-border ambitions via GIM-UEMOA.

Regional players

• InTouch (Djamo): Côte d'Ivoire-based fintech offering multi-method digital payment solutions including mobile money, cards, and merchant services—a direct regional competitor operating in Green-Pay's home market with a consumer-wallet-led model.
• Wave (Wave Senegal/CI): Mobile money operator active in Côte d'Ivoire and Senegal with merchant payment acceptance—a regional competitor in the same West African markets, particularly relevant given Wave's growing merchant footprint in Côte d'Ivoire.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/greenpay225
• Facebookfacebook.com/Greenpay225

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

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 Green-Pay