Peach Payments acquires West-African payments gateway PayDunya entering Francophone Africa – Intelligent CIO Africa
Summary
Today PayDunya operates in six West African Francophone countries: Senegal, Côte d’Ivoire, Benin, Burkina Faso, Togo, and Mali. PayDunya turned €20k of bootstrap financing into a profitable net income company that employs over 40 people, serves more than 4,000 B2B customers, and processes 70,000 transactions per day. “The West African Economic and Monetary Union, UEMOA region and neighbouring Central African Economic and Monetary Community, CEMAC region represent a tremendous opportunity for growth, with digital payments adoption increasing rapidly due to rising smartphone penetration and mobile money services. By integrating PayDunya, we are expanding our footprint into the UEMOA and CEMAC regions, unlocking new opportunities for merchants who can now partner with us and access over 450m people across the markets we operate in. “The PayDunya acquisition supports our expansion into West Africa, and bolsters what we are doing for cross border and international merchants.” The deal is expected to be completed within the next few months, pending standard closing conditions and procedures.