Top 26 Innovators in Mobile Money Services
Top 26 Innovators in Mobile Money Services
The mobile money industry is a dynamic field operating at the intersection of finance and technology, offering a range of services aimed at making financial transactions convenient, efficient, and accessible. The companies in this industry offer solutions such as mobile money transfers, online payments, digital wallets, and financial services that can be accessed right from one's mobile device. As fintech continues to disrupt traditional banking and financial services, this industry is anticipated to expand and innovate, catering to the increasing global demand for digital and cashless transactions.
Top 26 Mobile Money Companies
1. SIA S.p.A.
- Website: sia.eu
- Headquarters: Milan, Italy, Italy
- Founded: 1977
- Headcount: 1001-5000
- Latest funding type: Acquired
Jiffy is a mobile money transfer service that allows customers to send money in real-time to beneficiaries who are also enrolled in the Jiffy service. The service is offered by various banks and can be accessed through a dedicated app or internet banking. Jiffy integrates with the user's bank account, ensuring secure transactions. The service is currently available to private users with a current account or IBAN-linked card.
2. Alipay
- Website: alipay.com
- Headquarters: Hangzhou, Zhejiang, China
- Founded: 2004
- Headcount: 10001+
Alipay.com is a company that provides various financial services, including online payments, money transfers, and mobile payment solutions. It offers a secure and convenient platform for individuals and businesses to conduct their financial transactions.
3. Umniah
- Website: umniah.com
- Headquarters: Amman, :, Jordan
- Founded: 2005
- Headcount: 501-1000
Umniah.com is a financial services company offering UWallet, a leading mobile payment solution in Jordan. With UWallet, users can easily and securely manage their financial transactions from their mobile devices, regardless of their telecom provider. The service is licensed by the Central Bank of Jordan and provides convenient options for paying bills, receiving salaries, and making international money transfers.
4. bKash Limited
- Website: bkash.com
- Headquarters: Dhaka, Dhaka, Bangladesh
- Founded: 2010
- Headcount: 501-1000
- Latest funding type: Series Unknown
bKash is a financial technology company that offers mobile financial services. It allows users to send, receive, and store money using their mobile phones. With bKash, customers can make payments, pay bills, transfer money, and access other financial services conveniently.
5. OPay
- Website: opayweb.com
- Headquarters: Alausa, Lagos, Nigeria
- Founded: 2018
- Headcount: 201-500
- Latest funding type: Series C
OPay is a mobile money platform that offers seamless financial services. Customers can send money to other banks for free, receive money in real-time, and make stress-free payments for various bills. With a focus on security and privacy, OPay provides encrypted transactions and advanced fraud detection. The company operates in Nigeria and has over 500,000 mobile money merchants.
6. LinkAja
- Website: linkaja.id
- Headquarters: South Jakarta, Jakarta, Indonesia
- Founded: 2019
- Headcount: 501-1000
- Latest funding type: Series B
LinkAja is a digital wallet and electronic money (E-Money) platform that offers various ways to top up and manage your funds. With LinkAja, users can easily make payments, transfer money, and access other financial services through their mobile devices.
7. GCash (Mynt - Globe Fintech Innovations, Inc.)
Mynt.xyz is a company dedicated to exploring innovative and non-traditional avenues in microfinance, leveraging telecommunications infrastructure and a mobile money platform. They offer safe and convenient cashless transactions using mobile phones as virtual wallets for bill payments and other purchases.
8. Paga Group Ltd
Paga.com is a leading payments and mobile money company that offers convenient and secure payment solutions in Nigeria. With their API integration, customers can easily send and receive money, pay bills, and request payments.
9. PalmPay
- Website: palmpay.com
- Headquarters: Lagos, Lagos, Nigeria
- Founded: 2019
- Headcount: 501-1000
- Latest funding type: Series A
Palmpay.com is a digital finance company that offers an intuitive digital wallet with account opening, money transfer, and bill payment services. With PalmPay, users can save on fees and earn rewards through discounts and cashback.
10. OVO (PT Visionet Internasional)
- Website: ovo.id
- Headquarters: Jakarta, Dki Jakarta, Indonesia
- Founded: 2017
- Headcount: 501-1000
- Latest funding type: Acquired
OVO is a company that offers a range of financial services and digital payment solutions to individuals and businesses. Their services include mobile wallet, remittance, bill payments, and merchant services.
11. Barid Cash S.A.
- Website: baridcash.ma
- Headquarters: Casablanca, Grand Casablanca, Morocco
- Founded: 2013
- Headcount: 501-1000
Barid Cash is a company that provides financial services and solutions. They offer secure and convenient online transactions, money transfers, bill payments, and mobile banking services to individuals and businesses.
12. e& money
- Website: e-wallet.ae
- Headquarters: Abu Dhabi, ., United Arab Emirates
- Headcount: 5001-10000
e& money is a financial super app that offers global money transfers, wallet transfers, and cash pick up services. With no registration fees or minimum balance requirements, it provides easy, fast, and secure transactions. The app also offers gifting options and allows users to pay bills, merchants, and send gifts globally and locally.
13. OJSC Bank Eskhata
- Website: eskhata.tj
- Founded: 1994
- Headcount: 1001-5000
Eskhata is an online financial service company based in Tajikistan. They offer instant money transfers from Russia to Tajikistan, allowing users to send money by only knowing the recipient's mobile number. They also provide online banking services through their mobile app, allowing customers to manage their finances easily and securely.
14. DPO Group
- Website: dpogroup.com
- Headquarters: Nairobi, Nairobi, Kenya
- Founded: 2006
- Headcount: 201-500
- Latest funding type: Acquired
DPO Group is a leading payment service provider in Africa. They offer secure payment solutions that allow businesses to accept credit and debit cards, mobile money, and cross-border payments. With their easy-to-use platform, businesses can generate invoices and payment links to send to customers via email, SMS, or WhatsApp. DPO Group also provides add-ons and integrations to help businesses efficiently manage their payments.
15. iCard
- Website: icard.com
- Headquarters: London, London, United Kingdom
- Founded: 2007
- Headcount: 201-500
iCard.com is a financial technology company that offers digital wallet solutions and mobile payment services. With a focus on convenience and speed, iCard enables users to send money directly to Visa and Mastercard payment cards, saving time and effort. The company also provides a range of secure and efficient financial tools, such as virtual cards and eGift cards. iCard is committed to protecting the environment and has partnered with nature protection organization WWF Bulgaria to help save and restore precious natural resources.
16. Estel Technologies
- Website: esteltelecom.com
- Headquarters: Gurgaon, Haryana, India
- Founded: 1997
- Headcount: 201-500
Estel Technologies is a leading provider of innovative and robust platforms for e-recharge, mobile financial services, and merchant payment solutions. With a focus on scalability, resilience, and cloud agnosticity, Estel's microservices architecture supports optimized and highly available IT/Business operations. Estel serves over 600 million people globally, processing over 23 million transactions daily with a combined revenue of over $100 million.
17. Nomba
- Website: nomba.com
- Headquarters: Lagos, Lagos, Nigeria
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Series A
Nomba.com is a financial services company that offers payment management solutions for businesses. They specialize in providing POS terminals and tools to track and process payments across multiple channels. With Nomba, businesses can accept various forms of payments, including bank cards and mobile money. They cater to both small and large businesses, providing easy-to-use payment machines and efficient operations management. Nomba aims to make financial services accessible and help businesses grow.
18. Transfer Galaxy
- Website: transfergalaxy.com
- Headquarters: Örebro, Örebro, Sweden
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Series Unknown
TransferGalaxy is a payment institution that allows users to send money easily and securely to loved ones in various countries. They offer low fees and convenient mobile apps for quick transfers. Users can send money to mobile wallets or cash pickup points in over 20 countries. TransferGalaxy is dedicated to extending the reach of possibilities and supporting loved ones back home.
19. Telepin
- Website: telepin.com
- Headquarters: Ottawa, Ontario, Canada
- Founded: 2007
- Headcount: 51-200
Telepin is a global leader in mobile financial services software, offering digital payment solutions and mobile money services. They enable users to securely save money and make payments for everyday goods and services, seamlessly moving money in the most efficient way globally. They provide mobile payment solutions that cater to the needs of financial service providers and their customers.
20. Zeepay Company Limited
- Website: myzeepay.com
- Headquarters: Accra, Greater Accra, Ghana
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Series A
Zeepay is a company that offers mobile money services, allowing customers to top up their wallets and gift cards. They provide support for payments, remittance, and domestic transfers. Zeepay is regulated by FCA and BOG, providing safe and secure transactions.
21. CashApp
- Website: cashapp.me
- Founded: 2011
- Headcount: 11-50
Cashapp.me is a financial technology company that provides money transfer and payment services online and through its mobile application.
22. Trust Axiata Digital Limited
- Website: trustaxiatapay.com
- Headquarters: Dhaka, Bangladesh
- Founded: 2022
- Headcount: 201-500
Trust Axiata Pay is a mobile financial service that aims to revolutionize digital transactions by offering high-end digital lifestyle services.
23. Ma French Bank
- Website: mafrenchbank.fr
- Headquarters: Paris, Paris, France
- Headcount: 201-500
Ma French Bank is a 100% mobile bank that offers a complete range of banking services. With a simple and intuitive app, customers can easily manage their accounts, make payments, and control their budgets. The bank is open to all, without any income requirements, and values proximity and simplicity in its operations.
24. Fincra
- Website: fincra.com
- Headquarters: Toronto, Ontario, Canada
- Founded: 2019
- Headcount: 51-200
Fincra is a fintech company that offers payment solutions for businesses across Africa. It provides various methods for accepting payments, such as cards, bank transfers, and Virtual Accounts in local currency. With Fincra, businesses can easily receive and send money globally, expanding their customer base and facilitating growth.
25. MORE Payment Evolution
- Website: morepaymentevolution.com
- Founded: 2003
- Headcount: 51-200
More Payment Evolution is a global payment solution company that offers safe, fast, and convenient payment services to customers worldwide. With direct bank connections in over 120 countries, we provide a seamless platform for sending and receiving remittances. Our innovative +more app revolutionizes the industry with its unique capabilities. We are committed to evolving alongside the payment industry to make cross-border payments easier and more efficient for our clients.
26. PayDunya
- Website: paydunya.com
- Headquarters: Dakar, Dakar, Senegal
- Founded: 2015
- Headcount: 51-200
PayDunya is a digital business solution provider that offers secure and convenient payment solutions for individuals and businesses. Their suite of multichannel digital solutions enables easy payment collection and disbursement, making it simple for businesses to receive payments via mobile money, bank accounts, or cash. Whether it's sending invoices, collecting mass payments, or setting up an online shop, PayDunya provides personalized services to meet the unique needs of their customers.
Want to find more mobile money companies?
If you want to find more companies that offer innovative solutions for mobile money transfers, online payments, and digital wallet services you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
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- Ownership: Which of these are private equity backed? Which are family-owned?
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