Peach Payments has acquired PayDunya, enhancing its expansion into the West African digital payments market.

Information on the Target

Peach Payments, an enterprise-grade payments gateway, has acquired PayDunya, a digital payments platform based in Dakar, Senegal. Founded in 2015 by Aziz Yérima and his co-founders, PayDunya aims to establish robust payment infrastructure for Francophone Africa, facilitating online payment solutions for businesses in the region. Over the years, PayDunya has significantly scaled its operations, serving over 4,000 B2B customers and processing around 70,000 transactions daily. Since inception, PayDunya has achieved profitability and continuous revenue growth, employing a skilled team of over 40 people.

Currently, PayDunya operates in six West African countries: Senegal, Côte d’Ivoire, Benin, Burkina Faso, Togo, and Mali, enabling businesses to send and receive payments seamlessly through websites and mobile applications. The platform has successfully partnered with notable enterprises such as Jeune Afrique, VFS Global, and Sky Mali, solidifying its position in the market.

Industry Overview in West Africa

The payments landscape in West Africa is evolving rapidly, driven by the increasing adoption of digital payments and mobile money services. The West African Economic and Monetary Union (UEMOA), comprising eight member states using the West Afri