Does Africa Need More Payment Solutions or More Business Capital?

Over the years, Ghana has witnessed a fintech revolution that is reshaping its economic landscape. With over 70 active fintech companies now driving more than 60% of electronic payment services, the country is rapidly transitioning from cash dependency to a thriving digital economy. Since 2020, this sector has attracted over $200 million in investments, cementing Ghana’s position as a rising fintech hub in Africa.

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One company at the forefront of this transformation is Payaza. As a fully licensed fintech player, Payaza is not just providing digital payment solutions but actively fostering the growth of small and medium-sized enterprises (SMEs). Through its SME Thrive Initiative, the company is investing GH₵15 million to empower local businesses, helping them scale and compete in an increasingly digital world.

In an exclusive interview, Payaza’s leadership revealed how their platform enables SMEs to grow 30% faster than non-digital competitors by providing seamless payment processing, global collections, and instant payouts. Beyond transactions, Payaza is building financial infrastructure that enhances financial inclusion and unlocks new economic opportunities for Ghanaian entrepreneurs.

With fintech innovation accelerating, Ghana is on track to become a leading digital financial hub in Africa. Companies like Payaza are not just shaping the future of payments—they are redefining how businesses access financial tools, scale operations, and contribute to economic development.