8 Digital financial services software providers in Africa

Digital Financial Services (DFS) have revolutionized the way financial services are delivered in Africa. There are many DFS software providers in Africa that offer innovative solutions to meet the financial needs of individuals, small businesses, financial institutions and governments.

Here is a list of some of the prominent Digital financial services software providers in Africa :

1. Africa Digital Financial Inclusion Facility (ADFI): ADFI is a non-profit organization that promotes financial inclusion in Africa. They provide technical and financial assistance to help financial institutions adopt and implement digital financial services. They offer solutions such as mobile savings , mobile lending and insurance products to their clients.

2. Vericash: Vericash is digital financial services in Africa. They offer a range of solutions such as digital wallets and payment gateways that help financial institutions and businesses to offer digital financial services to their customers. They also offer cross border payment solutions and agency banking platform that allow individuals to access a range of financial services from one platform.

3. Huawei: Huawei is a Chinese technology giant that has a strong presence in Africa. They offer digital financial services solutions such as mobile money, digital wallets QR code payments and super apps. In Kenya , Tanzania and Ethiopia Huawei Mpesa mobile money platform and overdraft platform (Fuliza) serves over 100M Customers.

4. Jumo: Jumo is a digital financial services provider that focuses on helping financial institutions in emerging markets to offer digital financial services. They offer solutions such as mobile money, digital wallets, and payment gateways that are designed to meet the unique needs of financial institutions in Africa. They serve a wide large of customers eg banks and telcos.

5. ACI Worldwide: ACI Worldwide is a leading provider of digital financial services solutions. They offer a range of solutions such as mobile money, digital wallets, and payment gateways that help financial institutions to offer digital financial services to their customers.

6. Murong Technology: Murong is a Chinese DFS company that offers digital financial services solutions in Africa. They offer solutions such as mobile money, digital wallets, supper app and payment gateways that help financial institutions to offer digital financial services to their customers. They also offer open banking solutions that help financial institutions to offer digital financial services to their customers. In they are platform provider for M-shwari , Mpawa and LOOP super app. Their digital financial services platforms serves over 60 million customers in Africa and 0ver 800M customers in China.

7. Ericsson: Ericsson is a Swedish technology company that offers digital financial services solutions. They offer solutions such as mobile money, and digital wallets and micro saving and lending products to MTN customers in countries like Uganda, Kenya , Rwanda , Zambia and Ivory Coast.

8. Codebase Technologies: Codebase Technologies is an African DFS provider that offers digital financial services solutions. They offer solutions such as mobile money, digital wallets, and payment gateways that help financial institutions like Interswitch to offer digital financial services to their customers.

In conclusion, DFS has the potential to transform the financial landscape in Africa and make financial services more accessible to everyone. With the help of software providers such as ADFI, Vericash, Huawei, Jumo, ACI Worldwide, Murong Technology, Ericsson and Codebase Technologies, Africa can take a step towards financial inclusion and greater economic prosperity.