PawaPay has processed three billion mobile money transactions on its platform, as daily volumes nearly doubled over the past nine months driven by increased cross-border and merchant payment activity across Africa.
The company said the milestone was reached in under nine months, about three months faster than the previous billion transactions. Daily volumes rose from roughly 2.4 million in September 2024 to about five million.
The growth comes amid continued expansion in Africa’s mobile money ecosystem. The GSMA reported that mobile money transaction value across the continent rose 26% last year, while global merchant payments increased 50% to $155 billion in its 2026 State of the Industry report.
PawaPay said usage has expanded across transport operators, subscription services, remittance providers and small businesses.
The company connects merchants to about 50 mobile money operators across 20 African markets through a single application programming interface, providing access to more than one billion wallets. It holds regulatory licences in several jurisdictions where required.
To date, PawaPay has processed more than €10 billion in payments.
The platform handles operator connectivity, settlement, foreign exchange, reconciliation and compliance. The company has also used stablecoins in treasury operations since 2022 to reduce settlement delays and currency exposure across markets.
“Businesses expanding across Africa should not have to build a payments company inside their own organisation,” said Heiti Allak, director of product at PawaPay. “Three billion transactions reflect everyday economic activity across transport, subscriptions, remittances and humanitarian payments.”
Clients include online trading platform Deriv and nonprofit GiveDirectly, which use the platform to operate across multiple African markets through a single integration.
PawaPay has positioned itself as a cross-border payments infrastructure provider for businesses operating in Africa’s fragmented mobile money landscape.