Ghana’s digital finance boom is about to get a new push. Codebase Technologies, a global digital banking software provider, has teamed up with Mojo Payments (MojoPay) to roll out a next-generation banking-as-a-service (BaaS) platform that promises to speed up the country’s financial transformation.
The new Digibanc™ BaaS 2.0 system lands at a time when Ghana’s digital economy is shifting into overdrive. Mobile money transactions hit USD 257 billion in 2024, and mobile connections now exceed the population by 13%.
Yet, hundreds of financial institutions remain stuck on legacy infrastructure, and an SME financing gap of around USD 5 billion continues to choke opportunity.
Codebase and MojoPay say their joint platform is designed to break those bottlenecks.
Cloud-native and API-first, Digibanc BaaS 2.0 gives banks and fintechs the ability to launch new digital products quickly, without the heavy IT spend or years-long rollout cycles that have slowed transformation in the past.
From onboarding and lending to payments and customer engagement, the system aims to provide a ready-made toolkit for institutions racing to stay relevant.
With more than 240 financial institutions in the country, the addressable market for modern digital banking is vast. And if the new platform can chip away at the barriers of cost and complexity, it could help drive financial inclusion to the millions who remain underserved.
“This is about removing traditional barriers to entry and giving institutions the tools they need to lead in a digital-first economy,” said Omar Mansur, Codebase Technologies’ managing director for APAC. MojoPay’s chief executive, Saqib Nazir, added that the platform offers “a faster, smarter way to go digital, without trade-offs.”
The launch feeds into Ghana’s national push for wider financial inclusion and digital transformation, and plays into a broader African trend, as international providers and regional players race to capture one of the world’s most dynamic fintech markets.