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M
Onafriq (MFS Africa)
Africa's largest digital payments gateway for cross-border remittances
15 countries2 methodsT+1Johannesburg, South AfricaFounded 2009
About
Onafriq operates interoperable cross-border payment corridors across 34 sub-Saharan African countries, with direct integrations to over 1 billion mobile wallets, a super-agent network including Baxi in Nigeria, treasury services, and prepaid card issuing.
Markets & operations
Countries (15)
Verticals
International Remittances
Payment Methods & Rates
Regulatory licensing
Authorised Payment Provider
Financial Sector Conduct Authority (FSCA) · South Africa
ACTIVE
Dedicated Electronic Money Issuer
Bank of Ghana (BoG) · Ghana
ACTIVE
Compliance & security
Real-time risk scoring
UBO verification
AML / PEP screening
PCI DSS: LEVEL 1
Technology stack
Sandbox environment
Webhooks
Separate collection/payout webhooks
Direct bank API
Server-to-server
Multi-merchant dashboard
API: REST
Operations & merchant support
Dedicated underwriting advisors
Real-time dashboard reporting
Multi-colleague approval chains
Automated bank routing verification
Failover time: 10 min
Reviews & Ratings
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Commercials & fees
Global fees that apply across all markets.
Processing fee range
Pay-in1%–1.5%
Pay-out0.5%–1%
Chargeback penalty fee$10
Settlement fees
Provider-level settlement defaults.
Default settlement timeT+1
Minimum thresholdUSD 50
FX & currency notes
KES settlement currently limited to Kenya-registered merchants.
Settlement currencies available
USDNGNKESGHSZAR