Paymentology has partnered with Chikwama Pay, a pan-African neobank, to provide integrated payment processing for Africa’s first WhatsApp-based neo-bank in the Southern African Development Community (SADC).
The platform allows users to bank, borrow, insure, save, and transact directly via WhatsApp, targeting migrant workers, informal traders, women, and underserved communities.
Chikwama Pay will use Paymentology’s cloud-based issuing and processing platform to issue and manage debit cards in real time, expand across multiple SADC markets with local compliance, and offer advanced payment features such as dynamic spend controls and multi-market operations.
Kesheni Moodley, Regional Director at Paymentology, said:
“We are excited to support Chikwama Pay’s WhatsApp-enabled banking proposition. Their model demonstrates how familiar digital channels can be used to broaden access to financial services, and we look forward to supporting their expansion across the SADC region.”
Alestair Mawoneke, CEO of Chikwama Pay, added:
“Our mission is to remove the barriers of geography, cost, and complexity in African finance. With Paymentology’s global expertise and secure infrastructure, we can now scale faster, expand across borders, and provide truly borderless financial services to millions who have long been excluded.”
The partnership supports Chikwama Pay’s plan to become a pan-African neo-bank while reinforcing Paymentology’s focus on financial inclusion in emerging markets.
Featured image credit: Edited by Fintech News Middle East, based on image by lifeforstock via Freepik
