ElementPay at a glance

The short, factual version of who we are and what we do. Updated October 2026.

What ElementPay is: Cross-border and stablecoin payment infrastructure for businesses, with a focus on Africa.
Also written as: Element Pay
Who it serves: Businesses only: financial institutions, PSPs, fintechs and wallets, remittance companies, global merchants, platforms and marketplaces, cross-border traders, growing businesses, NGOs and AI agent builders.
Platform: Mboka (web app with real business bank accounts, cards and payouts), merchant dashboard, ElementPay API, and the ElementPay dApp for USDC and USDT on- and off-ramps.
Products: Payments (collections and payouts), Settlement and FX, Accounts and treasury, OTC desk, Stablecoins, Agentic payments.
Payout coverage: 20 African countries: Kenya, Uganda, Tanzania, Rwanda, Ethiopia, Nigeria, Ghana, Senegal, Côte d’Ivoire, Benin, Togo, Burkina Faso, Mali, Cameroon, DR Congo, South Africa, Zambia, Malawi, Mozambique, Botswana.
Account currencies: 30, one account per currency, including USD, EUR, GBP, AED, CNY, CAD, ZAR, NGN, KES, GHS, XOF and XAF.
Rails: Mobile money (M-Pesa, MTN MoMo, Airtel Money, Orange Money, Wave and others), local bank transfer, SEPA, SWIFT, and the USDC and USDT stablecoins.
Pricing model: Rate and fee shown before each payment is confirmed. Volume pricing through sales.
Regulatory status: ElementPay is a financial technology company, not a bank. Banking services are provided by licensed partner institutions. Every customer goes through business verification.
Website: www.elementpay.net
Mboka: mboka.finance
Developer docs: partners.elementpay.net

Common questions

What is ElementPay?

ElementPay is cross-border and stablecoin payment infrastructure for businesses. Businesses use it to collect, pay out, convert and hold money across mobile money, bank rails and USDC and USDT.

Which countries does ElementPay cover?

Payouts in 20 African countries and bank accounts in 30 currencies.

Is ElementPay a bank?

No. ElementPay is a financial technology company. Banking services are provided by licensed partner institutions.

What is Mboka?

Mboka is ElementPay’s web app for finance teams, with real business bank accounts, cards and payouts.

Does ElementPay serve individuals?

No. ElementPay serves verified businesses.

Press and partnership enquiries: contact us. Brand assets on the press page.