Passpoint unveils financial orchestration platform targeting Africa, Europe, G20 markets

Passpoint, a financial infrastructure company, has announced a new positioning of its platform as a “financial orchestration layer” designed to unify payments, compliance, liquidity management and settlement across Africa, Europe and G20 markets.

In a statement issued on Monday, the company said the platform functions as a programmable control layer that sits above existing payment systems, allowing businesses to manage cross-border financial operations through a single integration.

Passpoint said it currently processes millions of dollars in annualised payment volume across more than 300 merchants operating in 16 payment corridors, including Nigeria, Kenya, Tanzania, Uganda, Cameroon, the CFA franc (XOF) region, the European Union, the United Kingdom and the United States.

According to the company, its infrastructure is used by fintech firms, remittance providers, gaming operators, marketplaces, SaaS companies and other enterprises involved in cross-border transactions.

The company said its platform is designed to address fragmentation in Africa’s payment systems, where different countries operate separate rails such as Nigeria’s interbank transfer system, Kenya’s mobile money network and other domestic payment infrastructures across the continent.

It noted that businesses operating across multiple markets often face challenges related to integration complexity, foreign exchange management, regulatory compliance and settlement reconciliation.

Passpoint said its system provides functions such as automated payment routing across providers, embedded compliance checks for transactions, multi-currency treasury visibility, and consolidated settlement and reconciliation reporting.

The platform also offers real-time monitoring of payment flows and liquidity positions across currencies and markets through a single interface.

Co-founder and Chief Executive Officer of Passpoint, Kelechi Uchegbulem, said the company’s focus is on enabling governance of financial operations across fragmented payment systems rather than serving as a standalone payment gateway.

He said the goal is to provide businesses with unified control over routing, compliance and settlement across jurisdictions.

Co-founder and Chief Commercial Officer Adejuwon Oyebanjo said the platform is intended to support businesses operating across African and international markets by simplifying financial operations through a single infrastructure layer.

Passpoint said its coverage includes multiple African countries as well as 24 European Union markets, the United Kingdom and the United States, supported by a combination of payment rails and regulatory frameworks in each jurisdiction.

The company added that its infrastructure is aimed at improving transaction efficiency, reducing operational overhead and enabling faster expansion into new markets for businesses operating across multiple regions.