PawaPay Tops 3 Billion Transactions as Daily Mobile Money Volume Doubles to 5 Million
Updated
Updated · TechCabal · Jun 16
PawaPay Tops 3 Billion Transactions as Daily Mobile Money Volume Doubles to 5 Million
1 articles · Updated · TechCabal · Jun 16
Summary
PawaPay processed its latest 1 billion mobile money transactions in under nine months, lifting total volume to 3 billion and daily payments to 5 million.
€10 billion has moved through the platform since its 2020 launch, with the company linking merchants to nearly 50 mobile operators across 20 African countries through a single API.
Merchant demand is driving that growth as African businesses increasingly use mobile money to collect and disburse payments across borders, rather than relying mainly on person-to-person transfers.
$155 billion in merchant payments flowed through mobile money globally in 2025, up 42% year on year, while monthly active merchants rose 59%, according to GSMA.
Ghana, Tanzania, Cameroon and Uganda are PawaPay's fastest-growing markets; Nigeria remains a target, though its wallet market is led by fintechs rather than telecom-style mobile money operators.
Will the telecom-led mobile money model thriving in East Africa survive against the powerful, local fintechs that dominate markets like Nigeria?
As Africa’s mobile money booms, why do most users still treat digital wallets like temporary cash points instead of real bank accounts?
Can fintechs truly empower African SMEs when nearly half lack basic cybersecurity, making them prime targets for digital threats?
PawaPay’s 3 Billion Transaction Milestone: Scaling Secure Mobile Money and Cross-Border Payments Across Africa
Overview
PawaPay is transforming Africa’s digital economy by simplifying payment operations for enterprise and high-growth businesses. By providing reliable daily payments, clear settlement and foreign exchange outcomes, and acting as a unified partner, PawaPay enables client teams to focus on growth instead of payment complexities. With a mission to connect the world to one billion African consumers by 2026, PawaPay demonstrates significant operational scale and commitment. This approach is especially impactful as Africa’s mobile money market continues to expand, with over $2.1 trillion in global flows in 2025, creating fertile ground for PawaPay’s continued growth and influence.