After establishing itself in Benin, FedaPay aspires to become Africa’s PayPal. Its purpose is to ensure that everyone has access to financial services. To do so, the aggregator recently launched its services in Niger, with plans to extend to other countries soon. FedaPay is a payment gateway that allows businesses of all sizes to accept money transfers via mobile money and bank cards using a single payment mechanism. It was developed by Hermann Aguessy and Boris Koumondji. The company, which has been operating in Benin since 2018, claims to have a large share of the local market and is currently concentrating on the sub-countries. region’s The FedaPay app also accepts payments made using bank cards and USSD codes. In order to accelerate financial transactions and enhance sales leads, the aggregator, like “the African supermarket,” regularly engages into arrangements with e-commerce sites. In order to satisfy its customers, the transaction gateway delivers solutions that are adapted to each type of organization. Individuals can use Feda Direct to receive payments over a secure link from their smartphone, computer, or tablet from anywhere on the planet. E-merchants can use Feda Commerce, an easy and versatile approach to integrate into any type of application and on any platform. Feda Connect is a multinational corporation’s Customer Relationship Management (CRM) application. This service has been seamlessly integrated into their daily operations. FedaPay, according to Koumondji, outperforms its Beninese competitors by providing tailored and flexible pricing that aligns with the business models of its merchants. According to him, the company’s payment method coverage enables them to accept payments from customers via mobile money and bank cards in a single integration. The PCI DSS security standards apply to all transactions that pass through the platform. The security policy in place, according to Boris Koumondji, is focused on preventing fraud and securing corporate funds. In fact, “each transaction is verified and vetted by the system in order to detect fraudulent activity,” and “the merchants’ money is maintained by a financial institution and is not transferred to the merchant’s bank account or mobile money account.”
