MobiPay

What MobiPay does

MobiPay is a Namibian fintech founded in 2010 and headquartered in Windhoek that delivers cloud-hosted, omni-channel SaaS payment infrastructure to banks, microfinance institutions, telecoms, SMEs, healthcare providers, transport and logistics operators, and unbanked communities primarily in Namibia with recognition across Southern Africa. The company processes 1.6B+ NAD in annual transaction value across 1.5M+ transactions for 500+ partners and claims over 50% market share in Namibian value-added services.

The platform is built on an API-first, cloud-hosted architecture (leveraging AWS) and is organized as a core platform with modular products: MobiBanking (mobile wallet systems), MobiID (Identity-as-a-Service with biometric verification, facial recognition, fingerprint scanning, liveness detection, and document verification), MobiDebit (enhanced debit orders and credit transfers), and MobiVend (value-added services such as airtime and prepaid electricity). Supporting modules include MobiFleet (real-time geo-tracking, fuel monitoring, driver management, and cost analytics) and MobiLoyalty (rewards programs). Underlying technical components include KYC depositories for regulatory compliance, two-factor authentication, and integrated identity verification workflows. The platform is ISO/IEC 27001:2022 certified by BSI as of June 2025.

MobiPay monetizes through subscription-based SaaS fees, usage-based API access and integration charges, and transaction-based fees on value-added services such as loyalty, airtime, and prepaid electricity, sold primarily via a consultative direct enterprise sales motion with a call centre and technical support organization. Pricing is not publicly disclosed and customers are directed to contact sales. The company supplements direct sales with content marketing, social media presence, and email newsletters aimed at top- and mid-funnel engagement in the Namibian and broader Southern African fintech market.

Name

MobiPay

Legal name

MobiPay

Website

https://mobipay.com.na

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

MobiPay is a Namibian fintech founded in 2010 that provides cloud-hosted, API-first SaaS payment infrastructure — including mobile wallets, identity verification (MobiID), value-added services, and fleet management — to banks, telecoms, SMEs, and unbanked communities across Namibia and Southern Africa.

Ownership category

akta.pro rank

Product category

Digital Payments Platform

NAICS

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

SIC

Services-Prepackaged Software (7372)

akta.pro industry

PRIMARYFSAGAAAD

Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value)

Financial & Insurance/Financial Technology (Fintech)/Digital Banking & Neobanking Platforms

SECONDARYFSAMAEAB

Mobile Wallets (NFC Tap-to-Pay / HCE)

Financial & Insurance/Payments & Transaction Processing/Digital Wallets & Mobile Payments

SECONDARYFSAPACAL

Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling)

Financial & Insurance/Blockchain & Web3/Wallets, Identity & Access (custody/non-custody, DID, key management)

SECONDARYMPAHAJAC

Billing, Payments & Subscription Management

Media, Entertainment & Sports/Media Technology & Services (Post-Production, VFX, Animation, Streaming Infrastructure)/OTT/Streaming Platform Technology (CMS, Player SDKs, Apps)

SECONDARYMPAFAJAC

Billing, Subscription & Entitlement Management (IAP orchestration)

Media, Entertainment & Sports/Gaming & Interactive Entertainment (Video Games, Esports)/Game Monetization & Commerce (In-Game Payments, Marketplaces, AdTech)

Keywords

• Mobile payment solutions
• Identity verification services
• Digital wallet platform
• Fintech payment processing
• Fleet management software

Headquarters

HQ city

Windhoek

HQ country

Namibia

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Services: Cloud-hosted, omni-channel Software as a Service offerings including mobile wallet systems, switches, value-added services, and identity verification solutions provided on subscription or usage basis.
2. API Access and Integration: Revenue generated through API access fees for integration services, enabling merchants and businesses to connect with MobiPay's platform and payment systems.
3. Value-Added Services: Loyalty programs, rewards systems, and value-added service platforms for merchants enabling airtime, prepaid electricity, and other services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MobiPay provides cloud-hosted, omni-channel SaaS payment and identity verification solutions delivered via APIs to banks, retailers, SMEs, telecoms, and other enterprises. Its product suite includes mobile wallet systems (MobiBanking), Identity as a Service (MobiID), enhanced debit orders and credit transfers (MobiDebit), value-added services such as airtime and prepaid electricity (MobiVend), fleet management (MobiFleet), and loyalty programs (MobiLoyalty), all backed by KYC/AML and ISO/IEC 27001:2022 compliance.

Product overview

MobiPay is a comprehensive fintech platform providing modern, robust, and flexible payment technologies since 2010. The company operates a platform-plus-modules architecture offering cloud-hosted, omni-channel SaaS solutions. The core portfolio includes: MobiBanking (fully-fledged mobile wallet and banking solutions), MobiID (identity verification/IDaaS), MobiDebit (enhanced debit orders and credit transfers), and MobiVend (value-added services for merchants). Supporting modules include MobiFleet (fleet management), and MobiLoyalty (loyalty programs). All solutions are delivered as SaaS with easy-to-use APIs, serving 500+ partners with over 1.6B+ annual transaction value.

Differentiator

Problem solved

Functional benefit

Brands

• MobiID: Identity as a Service (IDaaS) solution providing secure digital identity verification using facial recognition, fingerprint scanning, and document verification.
• MobiDebit
• MobiBanking
• MobiVend
• MobiFleet
• MobiLoyalty

Products and services

• MobiID Cloud-based Identity as a Service solution that verifies digital identities through facial recognition, fingerprint scanning, and document verification. Used by banks, telecoms, and other enterprises for KYC/AML compliance, customer onboarding, and fraud prevention.
• MobiDebit Enhanced debit order processing and credit transfer payout service that enables businesses to manage collections and disbursements more efficiently. Designed for business clients handling recurring and ad-hoc payment flows.
• MobiBanking Mobile wallet and banking solution providing fully-fledged wallet systems with omni-channel (in-store, mobile, online) capabilities. Enables money transfers, bill payments, and prepaid services for end users via enterprise clients.
• MobiVend Value-added services platform that enables merchants to sell airtime, prepaid electricity, and other digital services to end customers. Used by SMEs and retailers across Namibia, where MobiPay holds over 50% market share.
• MobiFleet Comprehensive fleet management solution with real-time geo-tracking, in-tank fuel monitoring, driver management, and cost analytics. Designed for transport and logistics companies that need operational optimization and cost control.
• MobiLoyalty Loyalty and rewards program platform that enables businesses to build, manage, and operate customer retention and rewards programs. Targeted at retail and other customer-facing businesses.

Quantifiable outcome

• Over 1.6 billion NAD in annual transaction value processed
• +3 more outcomes

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Amazon Web Services (AWS)coreTechnology or IntegrationMobiPay leverages AWS as their trusted cloud partner, empowering innovation through cloud-hosted infrastructure. AWS provides the underlying cloud platform for MobiPay's SaaS payment solutions and services.
• BSI GroupminorOthersBSI Group provides ISO/IEC 27001 certification services for MobiPay's Information Security Management Systems. BSI Group conducts the certification audits and assessments.
• Shield AfricaminorOthersMobiPay is partnered with Shield Africa for whistleblower and compliance services, supporting their regulatory and governance framework.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kazang (Lesaka Technologies): Pan-African fintech providing prepaid airtime, electricity, and value-added services through a merchant network, operating the same VAS model MobiPay competes in within Namibia.
• PayToday Namibia: Namibian payment processor and merchant services provider offering similar mobile payment, prepaid, and VAS rails to banks and retailers in the same domestic market.
• MTC Namibia (Mobile Money): Namibian mobile operator with a mobile-money wallet and bill-payment services that directly overlap MobiPay's MobiBanking and MobiVend offerings for unbanked users.

Broad incumbents

• Bank Windhoek: Leading Namibian bank with growing digital channels; both a key customer for MobiPay's payment infrastructure and a potential competitor building in-house wallet capabilities.
• MTN MoMo: Pan-African mobile-money platform serving tens of millions of users; a broad incumbent competing in wallet and VAS across multiple African markets including Namibia-adjacent geographies.
• FNB Namibia: Major Namibian bank with its own digital wallet, payment, and merchant acquiring capabilities, representing a large incumbent customer and competitor to MobiPay's banking and VAS suite.
• M-Pesa (Vodacom / Safaricom): Africa's largest mobile money platform with adjacent wallet, payment, and merchant services that define the competitive standard for mobile wallets in Southern Africa.
• Network International (Network N-Genity): Large payment processor expanding into Africa offering merchant acquiring, payment switching, and managed services that overlap MobiPay's switch and value-added service layer.

Emerging players

• Flutterwave: Africa-focused payments platform offering API-based payment processing, mobile money integrations, and merchant services; an emerging challenger pursuing similar fintech infrastructure plays across Africa.
• Peach Payments: African payment gateway and fintech infrastructure provider offering API-based payment processing, mobile money integrations, and merchant tools comparable to MobiPay's API-first model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Mobipay_Namibia
• Facebookfacebook.com/mobipay
• LinkedInlinkedin.com/company/mobipay-namibia

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 MobiPay