Daily transaction volumes have grown from 2.4 million to five million since September 2024, reflecting rising use of mobile money across transport, subscriptions, remittance and essential services.
PawaPay has processed more than three billion successful mobile money transactions across Africa, marking another milestone in the continued growth of mobile money as a payments rail for businesses and consumers across the continent.
The third billion transactions were processed in under nine months, three months faster than the previous billion.
The milestone comes amid sustained growth in platform activity. Since September 2024, daily transaction volumes have increased from approximately 2.4 million to five million.
Mobile money increasingly sits behind a wide range of businesses across Africa, from optical chains such as Lapaire processing eye tests and glasses payments across multiple markets, to ecommerce operators, education technology platforms collecting school fee payments, retailers processing daily takings, and organisations distributing humanitarian support.
The broader market continues to grow rapidly. According to the GSMA State of the Industry Report 2026, African mobile money transaction value increased by 26% last year, while merchant payments globally grew by 50% to reach $155 billion.
PawaPay's transaction volumes have grown faster than the broader market across several of the sectors it supports.
Today, PawaPay connects businesses to almost 50 mobile money operators across 20 African markets through a single API, providing access to more than one billion mobile money wallets. The company has processed more than €10 billion in payments to date and holds direct regulatory licences where required by local frameworks.
Through a single integration, PawaPay manages operator connectivity, settlement, FX, reconciliation and regulatory coverage across its markets. Since 2022, the company has also used stablecoins within its treasury operations to reduce settlement float and improve predictability across currencies.
Heiti Allak, Director of Product at PawaPay, said:
"Three billion transactions is what mobile money looks like when it sits behind everyday economic activity, from transport and subscriptions to remittance and humanitarian support."
"Businesses expanding across Africa should not have to build a payments company inside their own organisation. As they enter new markets, they face operator relationships, settlement processes, treasury requirements and regulatory obligations. PawaPay removes that burden, allowing businesses to focus on serving customers and growing their operations."
Over the past six years, PawaPay has supported businesses using mobile money across sectors including remittance, transport, digital services and humanitarian payments. Organisations including Deriv and GiveDirectly rely on PawaPay to operate across multiple African markets through a single integration.
As mobile money continues to expand across Africa, PawaPay remains focused on helping businesses access local payment infrastructure through a single connection, enabling them to operate across markets without building payments operations country by country.
Speak to our team about how we can help you collect and send payments through PawaPay.
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