The startup behind the solution was founded in Senegal in 2015. Since then, it has expanded its reach to six countries, providing more than 1,000 businesses with various tools to optimize their performance.

Paydunya is a fintech solution developed by a Senegalese startup. It allows individuals and businesses to easily and securely collect payments online from a variety of payment methods, including e-wallets and bank cards.

"Paydunya offers businesses and financial institutions a suite of multi-channel digital solutions that facilitate the issuance and receipt of payments on websites or mobile applications, as well as the collection and disbursement of bulk payments," according to its website.

Once users register through its website or mobile app - available for Android and iOS devices - they can access the financial services it offers. For example, they can send and receive funds via mobile money or bank cards such as Visa and MasterCard.

Depending on the country, it charges between 1.5% and 2.5% commission for monthly flows below CFAF 10 million and between 1.4% and 2.4% for monthly flows above CFAF 10 million.

It currently claims more than 50,000 transactions processed daily, over 1,000 corporate clients, and a presence in six countries. According to PlayStore data, the Android version of its mobile application has been downloaded over 100,000 times. 

Adoni Conrad Quenum