MyPay Financial Solutions

What MyPay Financial Solutions does

MyPay Financial Solutions is a private Zambian fintech company founded in 2019 and headquartered in Lusaka. According to its own short description, the company focuses on secure mobile wallet services with money transfer capabilities, positioning it within the mobile money and digital payments ecosystem in sub-Saharan Africa. The product thesis centers on leveraging current-generation technology to deliver wallet security and transfer functionality to consumers, though no detailed product modules, technical architecture, or platform components are publicly disclosed.

Name

MyPay Financial Solutions

Website

https://mypay.solutions

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

MyPay Financial Solutions is a Zambia-based fintech founded in 2019 that offers secure mobile wallet and money transfer services. Operating from Lusaka with 11–50 employees, the company has minimal publicly disclosed product, customer, or financial information.

Ownership category

akta.pro rank

Product category

Mobile Money and Digital Wallets

NAICS

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

akta.pro primary industry

General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA)

akta.pro secondary industries

Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ), Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)

Keywords

• Mobile wallet services
• Money transfer solutions
• Digital payments
• Fintech services
• Secure payment platform

Headquarters

HQ city

Lusaka

HQ country

Zambia

HQ region

Africa

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Infrastructure

Core offering

MyPay Financial Solutions provides secure mobile wallet services built on modern technology, offering money transfer options to users. The service is positioned as a digital wallet platform enabling individuals to send and receive funds via mobile devices.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobile Wallet Service A secure mobile wallet service that enables users to store funds and conduct transactions via mobile devices. Targeted at individual consumers seeking convenient digital payment options.
• Money Transfer Service A money transfer offering built into the MyPay mobile wallet that allows users to send and receive funds. Targeted at individual consumers in Zambia needing accessible fund transfer functionality.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights1 record

Regional players

• Mukuru: Southern African remittance and mobile wallet operator headquartered in South Africa with active corridors to and from Zambia. Overlaps with MyPay on the cross-border money-transfer and wallet proposition.

Direct peers

• Airtel Money: Mobile money service operated by Airtel Africa across multiple markets including Zambia. Competes in the same consumer P2P, merchant payment, and agent-network wallet segments that MyPay targets.
• MTN Mobile Money (MoMo): Pan-African mobile wallet operated by MTN Group, active in Zambia through MTN Zambia. Directly comparable as a telco-backed mobile wallet offering P2P, merchant, and remittance services via agent networks.
• M-Pesa: Africa's largest mobile wallet platform, operated by Safaricom/Vodafone in partnership with operators across multiple African markets including Zambia. Directly comparable to MyPay as a P2P and merchant mobile money service with agent-network cash-in/cash-out.
• Tigo Pesa: Mobile money service operated by Tigo (now part of Airtel) that has historically held meaningful share in Zambia. Competes directly with MyPay for consumer wallet users and agent-network partners.
• Zoona: Zambia-founded mobile money and agent-banking operator providing cash-in/cash-out and merchant payment services. Comparable to MyPay given its Zambian base and focus on the same underbanked P2P and merchant segments.

Broad incumbents

• Orange Money: Mobile wallet service from Orange Group, active across African markets. Comparable as a large incumbent mobile wallet with P2P, merchant, and remittance functionality, though not currently dominant in Zambia.
• WorldRemit: Cross-border digital remittance platform serving the Zambia corridor with mobile wallet payouts. Comparable as an established digital payments operator targeting Zambian consumers' remittance and wallet needs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat1 record

Key risks6 records

Key highlights4 records

Customer concentration

• Xx.com/mypayl
• LinkedInlinkedin.com/company/mypay-financial-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 MyPay Financial Solutions