BanffPay Launches Liberia’s First Unified Digital Payment API | Business

BanffPay (Liberia) Limited has reached a major milestone in Liberia’s financial technology sector after securing a Payment Service Provider (PSP) License from the Central Bank of Liberia (CBL), paving the way for the launch of the country’s first unified Pay-In and Pay-Out Application Programming Interface (API) designed to transform how businesses collect, send, and manage digital payments.

The regulatory approval positions BanffPay as one of Liberia’s fully licensed digital financial service providers, with authorization to offer digital wallets and other high-availability payment services. 

Combined with its existing Money Remittance and Foreign Exchange Bureau licenses from the Central Bank, the company says it is now equipped to simplify digital payments for businesses and consumers while strengthening Liberia’s place in Africa’s rapidly expanding fintech ecosystem.

At the center of BanffPay’s latest innovation is its unified payment infrastructure, built around the company’s vision of “One API. Every Payment. Endless Opportunities.”

Already recognized for its cross-border remittance services and foreign exchange liquidity management, BanffPay says the new platform will fundamentally change how businesses operating in Liberia move money by allowing them to connect to multiple payment methods through a single API integration.

The unified platform enables fintech companies, merchants, non-governmental organizations (NGOs), government institutions, development partners, and international organizations to accept payments, instantly disburse funds, automate collections and payouts, and receive consolidated settlements without the need to integrate with multiple payment providers.

According to the company, the solution is designed to reduce operational complexity while improving efficiency for organizations managing high transaction volumes across different payment channels.

The infrastructure supports a broad range of business applications, including e-commerce platforms, digital marketplaces, payroll processing, lending platforms, merchant collections, government payment systems, NGO disbursement programs, and enterprise payment operations.

BanffPay says its technology has been built specifically for Africa’s unique financial landscape, where mobile money has become the dominant payment channel.

The company notes that nearly 70 percent of the world’s mobile money accounts are located in Africa, while card usage in many African markets remains below three percent, making mobile-first payment infrastructure critical for economic growth and financial inclusion.

Through a single integration, businesses using BanffPay’s unified API can now access payment rails across more than 25 African markets spanning West, Central, East, and Southern Africa.

These markets include Côte d’Ivoire, Senegal, Mali, Benin, Burkina Faso, Cameroon, the Democratic Republic of Congo, Guinea Conakry, Congo Brazzaville, Gabon, Uganda, Rwanda, Kenya, Ghana, Malawi, The Gambia, Lesotho, Mozambique, Nigeria, Togo, South Africa, Zambia, Guinea-Bissau, and now Liberia, the newest addition to BanffPay’s expanding continental network.

The company believes the expanded connectivity will make it easier for businesses operating across borders to accept payments, settle transactions, and reach customers throughout Africa using one secure platform.

Complementing the launch of the business payment API is Banffy, BanffPay’s consumer-focused super app designed to provide Liberians with access to a wide range of digital financial services from a single platform.

According to the company, users can open global United States Dollar (USD), Canadian Dollar (CAD), and Nigerian Naira (NGN) accounts, send and receive money both locally and internationally, receive instant cross-border remittances, make local payments, and access additional financial and lifestyle services.

BanffPay says the application is intended to empower freelancers, entrepreneurs, creators, businesses, and families by providing the digital financial tools needed to participate fully in the global economy.

Commenting on the milestone, Founder and Chief Executive Officer Muyiwa Ebitanmi said the launch reflects the company’s long-term vision of making payments easier while connecting businesses and consumers across Africa.

“Our mission has always been to simplify payments and connect people and businesses across borders,” Ebitanmi said.

He explained that the company is simultaneously expanding financial opportunities for consumers through the Banffy Super App while providing businesses with a powerful payment infrastructure capable of simplifying collections and payouts.

“With the launch of our unified payment solution for businesses, we are empowering consumers through the Banffy Super App while providing businesses with a single API that simplifies collections and payouts,” he stated.

Ebitanmi added that Liberia’s inclusion in BanffPay’s growing payment network represents another important step in expanding secure digital financial services across the continent.

“Liberia now joins more than 25 African markets where businesses can securely accept payments, send payouts, and settle seamlessly through one trusted platform.”

With its Payment Service Provider License now secured and its unified payment infrastructure officially operational, BanffPay says Liberia is well positioned to become an important participant in Africa’s fast-growing digital payments ecosystem.

The company believes its combination of CBL-approved Payment Service Provider, Money Remittance, and Foreign Exchange Bureau licenses provides a strong regulatory foundation for delivering secure, innovative, and reliable financial technology solutions.

As digital commerce continues to expand across the continent, BanffPay says its unified Pay-In and Pay-Out API and Banffy Super App will help businesses streamline operations, promote financial inclusion, facilitate cross-border commerce, and create new opportunities for economic growth.

The launch marks a significant milestone not only for BanffPay but also for Liberia’s evolving fintech landscape, positioning the country as the newest hub within an interconnected African digital payments network that is reshaping how money moves across borders.