Mywagepay Mywagepay is building a digital bank for African businesses

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the African economy, accounting for approximately 90% of all businesses, and providing nearly 80% of the region’s employment. In spite of this important role in the economy, many are still unbanked or unbanked, lacking access to financial services they can leverage to grow their businesses and continue contributing positively to their respective communities. Mywagepay is building a fast and easy way for African businesses to access digital banking solutions such as savings and credit for their workers and customers, driving revenue growth, boosting retention, and also increasing financial inclusion by creating a support ecosystem. The MSMEs can use Mywagepay’s platform to open bank accounts, collect payments, transfer funds, make savings, and access loans. In this way, the businesses can extend banking solutions to their employees and customers.