The mobile money industry encompasses services that allow users to conduct financial transactions via mobile devices. Companies in this space offer a variety of services, including money transfers, bill payments, digital wallets, and merchant solutions. As technology advances and smartphone usage rises, mobile money delivery is becoming increasingly accessible, facilitating transactions, especially in underserved areas. Notably, with the push for financial inclusion, mobile money is making strides in regions where traditional banking services are limited, enabling millions to engage in digital economies. The industry's growth potential remains promising, fueled by regulatory support and innovation.

This list highlights 26 prominent mobile money companies from various regions, showcasing their headquarters in cities like New York, Dhaka, and London. Each company was founded between 2001 and 2022, reflecting a newer wave of financial technology innovation. While some companies, like Venmo and MoneyGram, operate primarily in the USA, others like Wave Mobile Money and GCash cater significantly to their local markets. The varying company sizes, ranging from around 50 to several thousand employees, demonstrate both the scalability and specialized services across the sector. Each company focuses on user-friendly, flexible financial solutions to expand their reach.

Read on to discover the top mobile money companies.

Top 26 Mobile Money Companies

1. Venmo

• Website: venmo.com
• Ownership type: Corporate
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 84%, Mexico 4%, Guatemala 3%, Other 9%
• Latest funding: $800.0M, January 2014
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: venmo

Venmo, founded in 2009 and based in New York City, is a mobile payment service that allows users to send and receive money swiftly and conveniently. It caters to both consumers looking to split bills and businesses that accept payments through the platform. Venmo operates under the PayPal umbrella, which enhances its credibility and reach. The platform has gained popularity for its social features, enabling users to share payment details and engage with friends in a more interactive manner. Venmo also offers services like direct deposit, a debit card, and the ability to buy and sell cryptocurrencies, showcasing its commitment to innovation in the financial technology industry. With a workforce of around 641 employees, Venmo continues to evolve and expand its offerings to meet the needs of its users.

2. bKash Limited

• Website: bkash.com
• Ownership type: Venture Capital
• Headquarters: Dhaka, Dhaka, Bangladesh
• Employee distribution: Bangladesh 100%
• Latest funding: November 2021
• Founded year: 2010
• Headcount: 501-1000
• LinkedIn: bkash-limited

bKash Limited, founded in 2010 and based in Dhaka, Bangladesh, is a mobile financial service provider that offers a wide range of services including money transfers, payments, and remittances. The company primarily serves individuals and businesses, with a particular emphasis on reaching underserved populations in rural areas. bKash operates through a mobile app and a USSD platform, allowing users to conduct transactions without needing an internet connection. This accessibility is vital in a country where many people may not have reliable internet access. With a workforce of approximately 4641 employees, bKash has established itself as a key player in the Bangladeshi financial landscape. The company has been recognized for its innovative approach to mobile finance, receiving various awards that underscore its influence in the sector. As of November 2021, bKash has not reported any recent funding, indicating a stable operational status without the need for additional capital at this time.

3. Wave Money

• Website: wavemoney.com.mm
• Ownership type: Corporate
• Headquarters: Yangon, Yangon, Myanmar
• Employee distribution: Myanmar 97%, Other 3%
• Latest funding: January 2022
• Founded year: 2015
• Headcount: 201-500
• LinkedIn: digital-money-myanmar

Wave Money is a mobile financial service provider based in Yangon, Myanmar, founded in 2015. The company offers a range of services designed to facilitate financial transactions for both consumers and businesses. Its flagship product, WavePay, is a mobile wallet application that allows users to perform various transactions, including money transfers, bill payments, and mobile top-ups. With a network of over 65,000 agents across Myanmar, Wave Money plays a crucial role in providing financial services to the unbanked population, particularly in remote areas where traditional banking is often inaccessible. The company has achieved significant milestones, such as receiving Myanmar's first mobile financial services registration certificate in 2016 and becoming EBITDA positive just two years after its launch. Wave Money's commitment to innovation is evident in its development of an open API, which connects merchants with customers, enhancing the overall user experience. As of January 2022, the company has not reported any recent funding, indicating a self-sustaining business model that has successfully navigated the challenges of the local market.

4. MoneyGram

• Website: moneygram.com
• Ownership type: Corporate
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 35%, Poland 26%, India 9%, Other 31%
• Latest funding: August 2023
• Founded year: 1940
• Headcount: 1001-5000
• LinkedIn: moneygram-international

MoneyGram International, Inc., based in Dallas, Texas, has been a prominent money transfer service since its founding in 1940. The company specializes in peer-to-peer payment solutions, catering to both individuals and businesses. With a vast network of over 350,000 locations worldwide, MoneyGram enables secure and convenient money transfers, bill payments, and money orders. The company has made strides in the mobile money sector by offering an app that simplifies the process of sending money and managing transactions. This app allows users to send funds to over 200 countries and territories, reflecting MoneyGram's commitment to adapting to the evolving needs of its customers. Additionally, the company provides services such as inmate transfers and mobile wallet transactions, further enhancing its relevance in the mobile money industry.

5. Wave Mobile Money

• Website: wave.com
• Ownership type: Venture Capital
• Headquarters: Dakar, Dakar, Senegal
• Employee distribution: Senegal 47%, Cote d'Ivoire (Ivory Coast) 30%, Mali 6%, Other 17%
• Latest funding: Other (Debt), $91.7M, July 2022
• Founded year: 2017
• Headcount: 1001-5000
• LinkedIn: wavemm

Wave Mobile Money, founded in 2017 and headquartered in Dakar, Senegal, is a financial services company dedicated to providing mobile money solutions across Africa. The company aims to make financial services accessible and affordable, particularly in regions where traditional banking is limited. Wave offers a range of services, including free money transfers, bill payments, and cash deposits, catering to both individual consumers and businesses. With a workforce of nearly 4,000 employees, Wave operates primarily in Senegal, Côte d'Ivoire, Mali, Burkina Faso, and Uganda. The company has attracted significant venture capital funding, with its last funding round in July 2022 amounting to approximately $91.7 million. This financial backing supports Wave's mission to build a modern financial network that prioritizes inclusivity and affordability, ultimately striving to transform the financial landscape in Africa.

6. JazzCash

• Website: jazzcash.com.pk
• Ownership type: Private
• Headquarters: Islamabad, Islamabad, Pakistan
• Employee distribution: Pakistan 100%
• Founded year: 2012
• Headcount: 1001-5000
• LinkedIn: jazzcash

JazzCash, established in 2012 and headquartered in Islamabad, Pakistan, is a mobile payment service provider that offers a comprehensive suite of financial services. These services include money transfers, bill payments, savings accounts, and nano-loans, catering to both consumers and businesses. The platform leverages mobile technology to provide users with easy access to digital financial solutions, which is particularly important in a country where many individuals may not have access to traditional banking services. JazzCash operates through a network of agents and franchises across Pakistan, ensuring that its services are widely available. The company has also introduced innovative features such as the JazzCash Mobile Account, which functions as a bank account linked to a mobile number, allowing users to perform transactions without the need for a physical bank visit. This focus on accessibility and convenience positions JazzCash as a key player in the mobile money industry in Pakistan.

7. Skrill, a Paysafe Experience

• Website: skrill.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United States (USA) 50%, Greece 12%, United Arab Emirates 12%, Other 25%
• Latest funding: $936.8M, March 2015
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn: skrill

Skrill, a Paysafe Experience, is a digital payment service based in London, England, founded in 2001. The company specializes in providing online wallet solutions that enable users to transfer money, make online payments, and engage in cryptocurrency transactions. Skrill caters to both individual consumers and businesses, offering a secure and efficient platform for managing financial transactions without the need for traditional banking. The service allows users to send money internationally, pay online without sharing bank details, and even buy and sell cryptocurrencies. With a significant presence in various countries, Skrill has established itself as a reliable option for those seeking to navigate the digital payment landscape. The company has received substantial funding, amounting to nearly $937 million, which underscores its growth potential and commitment to enhancing its services.

8. WorldRemit

• Website: worldremit.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 38%, Philippines 29%, Poland 15%, Other 18%
• Latest funding: Other (Debt), $275.0M, January 2021
• Founded year: 2010
• Headcount: 1001-5000
• LinkedIn: worldremit

WorldRemit, founded in 2010 and based in London, is a financial technology company focused on international money transfers. The company provides a range of services, including bank transfers, cash pickups, and mobile money transfers, catering to consumers who need to send money across borders efficiently and securely. WorldRemit operates through a user-friendly online platform and a mobile app, which enhances the customer experience by allowing users to send money quickly and track their transactions. With a workforce of approximately 444 employees, the company has a significant presence in various countries, including the UK, Philippines, and Poland. WorldRemit has raised substantial funding, with its last round totaling $275 million in January 2021, reflecting strong investor interest in its business model and growth potential. The company is regulated by financial authorities in multiple jurisdictions, ensuring compliance with security and operational standards.

9. GCash

• Website: gcash.com
• Ownership type: Private
• Headquarters: Taguig, Metro Manila, Philippines
• Employee distribution: Philippines 100%
• Latest funding: April 2025
• Founded year: 2015
• Headcount: 501-1000
• LinkedIn: wearegcash

GCash is a financial technology company based in Taguig, Metro Manila, Philippines, founded in 2015. It specializes in mobile payment and digital wallet services, catering to both individual consumers and businesses. GCash offers a wide array of financial solutions, including cashless transactions, bill payments, and investment opportunities. The platform has gained traction, boasting over 20 million registered users and partnerships with more than 139,000 merchants across the country. GCash is regulated by the Bangko Sentral ng Pilipinas, ensuring compliance and security for its users. The company has also received recognition for its initiatives in financial inclusion and digital transformation, highlighting its commitment to enhancing the financial ecosystem in the Philippines.

10. UnionPay International

• Website: unionpayintl.com
• Ownership type: Venture Capital
• Headquarters: Shanghai, Shanghai, China
• Employee distribution: China 36%, United States (USA) 7%, Hong Kong S.A.R 6%, Other 51%
• Latest funding: January 2015
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: unionpay-international

UnionPay International, founded in 2012 and headquartered in Shanghai, China, is a payment processing company that specializes in mobile payments, card products, and cross-border remittance solutions. With a workforce of approximately 576 employees, the company operates in 183 countries, providing secure payment methods that cater to the needs of travelers and merchants alike. UnionPay International has made significant strides in the mobile payments industry, offering services such as mobile quick payment and QR code payment solutions. Their offerings are designed to enhance the payment experience for users, making transactions more efficient and accessible. The company has not reported any recent funding, indicating a stable operational model since its inception.

11. Oxigen

• Website: myoxigen.com
• Ownership type: Private
• Headquarters: Gurugram, Haryana, India
• Employee distribution: India 98%, Other 2%
• Founded year: 2004
• Headcount: 501-1000
• LinkedIn: oxigen-services-india-pvt-ltd

Oxigen Services India Pvt. Ltd. is a fintech company based in Gurugram, Haryana, India, founded in 2004. The company specializes in micropayments and online payment processing, providing a range of services that include mobile recharges, bill payments, and money transfer solutions. With a workforce of approximately 867 employees, Oxigen serves both businesses and consumers, aiming to improve transaction efficiency and accessibility within the financial ecosystem. The company has developed a robust platform that integrates various payment methods, including mobile wallets and point-of-sale (POS) systems. Oxigen has also made strides in promoting financial inclusion, particularly in rural India, by empowering local entrepreneurs to offer essential services in their communities. This focus on accessibility and innovation has positioned Oxigen as a significant player in the Indian payment solutions market.

12. Xoom, A PayPal Service

• Website: xoom.com
• Ownership type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Guatemala 69%, United States (USA) 22%, Philippines 6%, Other 4%
• Latest funding: $890.0M, July 2015
• Founded year: 2001
• Headcount: 201-500
• LinkedIn: xoom-corporation

Xoom, a PayPal Service, is a financial service provider based in San Francisco, California, founded in 2001. The company specializes in facilitating international money transfers, mobile reloading, and bill payment services. Xoom enables customers to send money to friends and family across borders, pay bills for loved ones, and reload mobile phones with ease. The platform operates primarily online, making it accessible to users who require efficient financial transaction management. With a workforce of approximately 230 employees, Xoom has a significant presence in Guatemala, the United States, and the Philippines. The company has received substantial funding, totaling $890 million, which underscores its growth potential and commitment to enhancing its services. Xoom's integration with PayPal allows it to leverage a robust infrastructure, ensuring secure and swift transactions for its users.

13. ZainCash

• Website: zaincash.iq
• Ownership type: Private
• Headquarters: Baghdad, Baghdad Governorate, Iraq
• Employee distribution: Iraq 99%
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: zain-cash

ZainCash is a private financial services company based in Baghdad, Iraq, founded in 2015. It specializes in providing electronic financial solutions, including mobile wallets, money transfers, and payment gateways. The company aims to enhance financial accessibility and security for its users, which include individuals, businesses, and organizations. ZainCash was licensed by the Central Bank of Iraq in 2016, allowing it to operate legally and offer a range of financial services. The company has facilitated billions of transactions since its inception, showcasing its impact on the Iraqi financial landscape. ZainCash has also been recognized for its innovative services, receiving awards such as the "Telecom Lead Innovation" in 2019 and a nomination for "The Best Mobile Innovation supporting Emergency" by GSMA in 2020/21. Its partnerships with various organizations, including the UNHCR for cash disbursement services, further highlight its commitment to serving the community and addressing financial needs in Iraq.

14. bunq

• Website: bunq.com
• Ownership type: Private Equity
• Headquarters: Amsterdam, North Holland, Netherlands
• Employee distribution: Netherlands 61%, Bulgaria 17%, Turkey 14%, Other 9%
• Latest funding: $31.1M, April 2024
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: bunq

bunq, founded in 2012 and based in Amsterdam, is a neobank that provides innovative mobile banking solutions across Europe. With a focus on user-centric services, bunq offers features such as savings accounts, international credit cards, and investment options. The company aims to simplify financial management for its users while promoting sustainability through its operations. bunq has received substantial funding, including a notable €193 million investment in 2021, which helped it achieve a valuation of €1.6 billion. The bank has grown to serve over 10 million users, positioning itself as a significant player in the European neobanking sector. bunq's commitment to sustainability is evident in its initiatives, such as planting trees for every €1,000 spent by users, showcasing its dedication to environmental responsibility.

15. Paga Group Ltd

• Website: paga.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Nigeria 94%, Ethiopia 6%
• Latest funding: Series B, $10.0M, October 2021
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: pagatech-limited

Paga Group Ltd, founded in 2009, is a financial services company based in London, England, with a strong operational focus in Nigeria. The company provides a platform for money transfers, bill payments, and mobile financial solutions, serving both consumers and businesses. Paga facilitates easy access to financial services through various channels, including a mobile application, SMS, and a network of over 27,000 agents across Nigeria. With a user base exceeding 19 million, Paga has positioned itself as a key player in promoting financial inclusion in Nigeria. The company has received significant venture capital funding, including a $10 million Series B round in October 2021, which underscores its growth potential and relevance in the mobile money sector.

16. OPay

• Website: opayweb.com
• Ownership type: Private Equity
• Headquarters: Ojodu, Lagos, Nigeria
• Employee distribution: Nigeria 90%, Egypt 4%, China 3%, Other 2%
• Latest funding: Series C, $400.0M, August 2021
• Founded year: 2018
• Headcount: 201-500
• LinkedIn: opay

OPay Digital Services Limited, established in 2018 and headquartered in Lagos, Nigeria, is a fintech company that specializes in providing a wide range of financial services. The company aims to make financial services more accessible and affordable through technology. OPay offers mobile money solutions, payment processing, and financial management services tailored for both consumers and businesses. Their offerings include instant money transfers, utility bill payments, and a no-fee debit card. With a strong presence in Nigeria and a growing footprint in Egypt, OPay has garnered significant attention, evidenced by its $400 million Series C funding round in August 2021. The company is committed to deepening financial inclusion and has set ambitious goals to serve millions of users and merchants by 2031.

17. Payworld

• Website: payworldindia.com
• Ownership type: Private
• Headquarters: Gurugram, Haryana, India
• Employee distribution: India 100%
• Founded year: 2006
• Headcount: 201-500
• LinkedIn: payworld

Payworld, founded in 2006 and based in Gurugram, Haryana, India, is a private fintech company that specializes in providing a wide array of financial services. These services include money transfers, bill payments, and mobile recharges, catering to both individual consumers and retailers. The company aims to enhance financial accessibility across India by leveraging a network of partners to facilitate transactions in various regions. Payworld's offerings extend beyond basic money transfer services; they also include features like Aadhaar Enabled Payment System (AEPS), micro ATM devices, and a range of insurance products. This broad service portfolio positions Payworld as a significant player in the mobile money industry, focusing on convenience and security for its users.

18. easypaisa digital bank

• Website: easypaisa.com.pk
• Ownership type: Private
• Headquarters: Karachi, Sindh, Pakistan
• Employee distribution: Pakistan 99%
• Latest funding: August 2016
• Founded year: 2005
• Headcount: 1001-5000
• LinkedIn: telenormicrofinancebanklimited

easypaisa digital bank, founded in 2005 and based in Karachi, Pakistan, is a prominent mobile banking service that has transformed the financial landscape for many in the country. Initially launched as a money transfer service, easypaisa has expanded its offerings to include a wide array of financial solutions such as bill payments, mobile recharges, and even insurance plans. The platform is designed to serve both individual consumers and businesses, making financial services more accessible to the masses. With a workforce of over 3,000 employees, easypaisa operates under Telenor Microfinance Bank and is recognized as the first mobile banking platform in Pakistan to receive GSMA certification. The company has garnered numerous awards for its innovative approach and commitment to financial inclusion, solidifying its position as a key player in the mobile money sector.

19. KBZPay Market

• Website: kbzpay.com
• Ownership type: Private
• Headquarters: Yangon, Yangon, Myanmar
• Employee distribution: Myanmar 100%
• Founded year: 2021
• Headcount: 51-200
• LinkedIn: sunny-estore

KBZPay Market is a mobile wallet service provider based in Yangon, Myanmar, established in 2021. The company operates under the auspices of KBZ Bank, Myanmar's largest privately owned bank, which enhances its credibility in the financial technology sector. KBZPay offers a comprehensive suite of financial services, including cash transfers, bill payments, and loans, all accessible through its user-friendly app. The platform is designed to facilitate secure and convenient transactions for both consumers and businesses. With a workforce of approximately 87 employees, KBZPay is focused on expanding its reach and enhancing its service offerings in the rapidly evolving mobile money market in Myanmar. The company has not reported any funding, indicating it may be self-sustaining or relying on internal resources for growth.

20. Maya

• Website: maya.ph
• Ownership type: Private Equity
• Headquarters: Mandaluyong, Metro Manila, Philippines
• Employee distribution: Philippines 99%, Other 1%
• Latest funding: Convertible note, $210.0M, April 2022
• Founded year: 2013
• Headcount: 501-1000
• LinkedIn: mayaph

Maya, based in Mandaluyong, Metro Manila, Philippines, is a digital bank and financial services provider founded in 2013. The company offers a wide range of services, including savings accounts, loans, credit cards, and digital payments, catering to both individual consumers and businesses. Maya operates primarily through its mobile app, which facilitates efficient money management and transactions. The app allows users to send money, pay bills, buy mobile load, and even engage in cryptocurrency trading. With a workforce of around 1,000 employees, Maya has established itself as a significant player in the Philippine financial services market. The company has also attracted substantial investment, with its last funding round raising $210 million in April 2022, underscoring its growth potential and relevance in the financial technology space.

21. Zalopay

• Website: zalopay.vn
• Ownership type: Private
• Headquarters: Ho Chi Minh City, Ho Chi Minh, Vietnam
• Employee distribution: Vietnam 100%
• Founded year: 2017
• Headcount: 501-1000
• LinkedIn: zalopay

Zalopay, operated by ZION Joint Stock Company, is a financial technology service provider based in Ho Chi Minh City, Vietnam. Launched in 2017, Zalopay offers an electronic payment platform that allows users to perform a variety of financial transactions through a user-friendly app integrated with the Zalo messaging service. This integration facilitates money transfers, bill payments, and online shopping, catering primarily to individual consumers in Vietnam. The platform is designed to be accessible and efficient, with features that enable users to transfer money for free and pay bills conveniently. Zalopay has also established partnerships with numerous businesses, enhancing its service offerings and user experience. The company is fully licensed by the State Bank of Vietnam to operate as a payment intermediary, ensuring compliance with local regulations. With a workforce of around 412 employees, Zalopay is positioned to continue its growth in the rapidly evolving digital payment landscape.

22. Dinarak

• Website: dinarak.com
• Ownership type: Venture Capital
• Headquarters: Amman, Amman Governorate, Jordan
• Employee distribution: Jordan 100%
• Latest funding: September 2023
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: dinarakjo

Dinarak is a mobile payment service provider based in Amman, Jordan, founded in 2016. The company aims to provide financial solutions through its mobile application, enabling users to conduct transactions such as money transfers and bill payments. Dinarak specifically targets both consumers and businesses, with a strong focus on enhancing financial inclusion for unbanked individuals. The company operates a network of agents across Jordan, facilitating cash deposits and withdrawals, and offers a range of services including personal e-wallets and business solutions. Dinarak is fully licensed by the Central Bank of Jordan, which regulates mobile payments through the JoMoPay National Switch, ensuring the safety and security of transactions. The company has not reported any recent funding, indicating a self-sustaining operational model as it continues to expand its reach and services in the local market.

23. Airtel Uganda

• Website: airtel.co.ug
• Ownership type: Private
• Headquarters: Kampala, Central Region, Uganda
• Employee distribution: Uganda 99%, Other 1%
• Founded year: 2010
• Headcount: 201-500
• LinkedIn: airtel-uganda

Airtel Uganda Limited, founded in 2010, is a telecommunications company based in Kampala, Uganda. It provides a range of mobile communication services, including voice, data, and financial solutions through Airtel Money and Airtel Payments Bank. The company serves both individual consumers and businesses, offering services such as mobile funds transfer, internet access, and various prepaid and postpaid plans. Airtel Money is a key service that allows users to send and receive money, pay bills, and make purchases, which is particularly important in a country where mobile money is a primary means of financial transaction. With a workforce of approximately 1,713 employees, Airtel Uganda is committed to enhancing connectivity and facilitating financial transactions for its customers, thereby playing a significant role in the telecommunications and mobile money sectors in Uganda.

24. Flash

• Website: flash.one
• Ownership type: Private
• Headquarters: Port Louis, Port Louis, Mauritius
• Employee distribution: Democratic Republic of the Congo 93%, Angola 3%, Mauritius 3%
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: flash-africa

Flash is a financial services company based in Port Louis, Mauritius, founded in 2018. It offers a digital wallet solution known as FlashApp, which allows users to conduct a variety of financial transactions, including money transfers, mobile recharges, and subscription renewals. The app is designed to cater to both individual consumers and businesses, providing a convenient platform for managing financial needs in a digital format. Flash has established a significant presence in the Democratic Republic of the Congo, where approximately 93% of its employees are located, alongside a smaller footprint in Angola and Mauritius. The company has not reported any funding, indicating it may be self-sustaining or in the early stages of growth. FlashApp also supports a network of agents, enabling users to recharge their accounts and perform transactions through various channels, including mobile money and bank transfers.

25. Trust Axiata Digital Limited

• Website: trustaxiatapay.com
• Ownership type: Private
• Headquarters: Dhaka, Dhaka, Bangladesh
• Employee distribution: Bangladesh 100%
• Founded year: 2022
• Headcount: 201-500
• LinkedIn: trust-axiata-pay

Trust Axiata Digital Limited, based in Dhaka, Bangladesh, is a private mobile financial service provider that launched in 2022. Operating under the brand Trust And Pay, the company aims to transform how customers conduct transactions in an increasingly digital world. Trust And Pay offers a variety of services, including money transfers, bill payments, mobile recharges, and merchant payments. Their mobile app facilitates secure and efficient financial transactions, catering to both individual consumers and businesses. The company is fully operational in Bangladesh, with a workforce of approximately 91 employees. Despite being newly established, Trust Axiata Digital Limited is actively participating in the mobile money industry, providing essential services that meet the growing demand for digital financial solutions.

26. PeiGo

• Website: peigo.com.ec
• Ownership type: Private
• Headquarters: Guayaquil, Guayas, Ecuador
• Employee distribution: Ecuador 89%, Colombia 7%, Peru 5%
• Founded year: 2021
• Headcount: 51-200
• LinkedIn: peigo

PeiGo is a private digital payment service company based in Guayaquil, Ecuador, founded in 2021. It provides a virtual wallet that allows users to manage their finances efficiently, offering services such as money transfers, bill payments, and online purchases through a Visa debit card. PeiGo targets both consumers and businesses, aiming to simplify financial management without hidden fees. The company has rapidly grown its user base, reaching over 300,000 users in a short period. PeiGo is backed by Banco de Guayaquil, a well-established financial institution in Ecuador, which enhances its credibility and security in the digital payment space. The platform is designed to be user-friendly, allowing for easy transactions and financial oversight, making it a relevant player in the mobile money industry.

Mobile Money Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Venmo	New York, New York, United States (USA)	201-500	2009	Corporate
bKash Limited	Dhaka, Dhaka, Bangladesh	501-1000	2010	Venture Capital
Wave Money	Yangon, Yangon, Myanmar	201-500	2015	Corporate
MoneyGram	Dallas, Texas, United States (USA)	1001-5000	1940	Corporate
Wave Mobile Money	Dakar, Dakar, Senegal	1001-5000	2017	Venture Capital
JazzCash	Islamabad, Islamabad, Pakistan	1001-5000	2012	Private
Skrill, a Paysafe Experience	London, England, United Kingdom (UK)	1001-5000	2001	Corporate
WorldRemit	London, England, United Kingdom (UK)	1001-5000	2010	Venture Capital
GCash	Taguig, Metro Manila, Philippines	501-1000	2015	Private
UnionPay International	Shanghai, Shanghai, China	501-1000	2012	Venture Capital
Oxigen	Gurugram, Haryana, India	501-1000	2004	Private
Xoom, A PayPal Service	San Francisco, California, United States (USA)	201-500	2001	Corporate
ZainCash	Baghdad, Baghdad Governorate, Iraq	51-200	2015	Private
bunq	Amsterdam, North Holland, Netherlands	501-1000	2012	Private Equity
Paga Group Ltd	London, England, United Kingdom (UK)	201-500	2009	Venture Capital
OPay	Ojodu, Lagos, Nigeria	201-500	2018	Private Equity
Payworld	Gurugram, Haryana, India	201-500	2006	Private
easypaisa digital bank	Karachi, Sindh, Pakistan	1001-5000	2005	Private
KBZPay Market	Yangon, Yangon, Myanmar	51-200	2021	Private
Maya	Mandaluyong, Metro Manila, Philippines	501-1000	2013	Private Equity
Zalopay	Ho Chi Minh City, Ho Chi Minh, Vietnam	501-1000	2017	Private
Dinarak	Amman, Amman Governorate, Jordan	51-200	2016	Venture Capital
Airtel Uganda	Kampala, Central Region, Uganda	201-500	2010	Private
Flash	Port Louis, Port Louis, Mauritius	51-200	2018	Private
Trust Axiata Digital Limited	Dhaka, Dhaka, Bangladesh	201-500	2022	Private
PeiGo	Guayaquil, Guayas, Ecuador	51-200	2021	Private

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