PawaPay reaches 3 billion mobile transactions in Africa

PawaPay, a UK-based fintech company, has processed three billion mobile money transactions, achieving this milestone in under nine months. The company has doubled its daily transaction volume to five million payments. Africa's mobile money economy reached $1.4 trillion in 2025, driven by financial inclusion and cash exchange. Businesses are increasingly using mobile money for payments and operations across multiple markets. PawaPay connects businesses to nearly 50 mobile operators in 20 African countries through a single API. The company has processed over €10 billion in payments since its launch. Mobile money is growing consistently, with a 20% annual increase, according to PawaPay's COO. Factors like a young population and cheaper technology are contributing to this growth. Mobile money was primarily used for person-to-person transfers but is now expanding into business transactions. Merchant payments are the fastest-growing use case, reaching $155 billion in 2025. Despite growth, mobile money is still mainly a payments tool rather than a store of value.

This growth highlights the increasing role of mobile money in Africa's digital economy and its impact on financial services and commerce.