AI-driven payment platform Flexifai has won the Payment Service Provider Award, demonstrating an impressive 70-95% success rate across regional corridors.
During the recent iGaming AFRIKA Summit in Nairobi—the continent’s premier gathering for iGaming, regulation, affiliate marketing, AI, esports, crypto, and payments—Flexifai engaged directly with localised market dynamics. For three days, company representatives immersed themselves in the technical and cultural layers of African markets, exchanging experiences with partners and presenting their innovative solutions adapted for solving regional payment issues.
Navigating the African Mobile Money Landscape
Africa represents one of the fastest-growing fintech and gaming markets globally. According to data from BCG, the continent now commands roughly 74% of total global mobile money transaction volumes.
The majority of the population relies heavily on mobile wallets rather than traditional banking infrastructure. As stated in Fintech news, utility services like M-Pesa and OPay have emerged as definitive continent leaders. While M-Pesa operates as a telecom-led utility in East Africa with a dominant 95% market share in Kenya, OPay leads the fintech-driven movement across West Africa, holding a 51% share of the highly competitive Nigerian market.
However, the localised dominance of these platforms often leads to low market interoperability, preventing flawless transactions. A lack of seamless integration among fragmented providers frequently causes connection drops and unreliable sessions, pushing average transaction failure rates to between 30% and 50% in certain African regions.
To address these barriers, Flexifai has developed cascading algorithms and intelligent AI-routing capabilities built specifically for local payment methods. This structural setup facilitates a more scalable framework for cross-border commerce while safeguarding global transaction stability. Consequently, in multiple target markets that previously suffered from lower approval levels, conversion rates now steadily reach 70-95%. Nadiya Bezhnar, Chief Marketing Officer of Flexifai, said:
Receiving the Best Payment Provider Award is a great honour for us and a responsibility to consistently live up to this high standard. The African market presents a viable opportunity for cross-border merchants, and we do our best to facilitate it.
As the African continent maintains its rapid digital growth, Flexifai identifies this region as a central pillar of its long-term strategic development, aiming to capture a permanent position among the market’s top three largest payment infrastructure providers.
About Flexifai
Flexifai is an AI-driven payment infrastructure provider focused on high-friction and emerging markets. The company offers intelligent routing, cascading payments, real-time payouts via partner infrastructure in 80+ countries, and local payment method coverage across Africa, Latin America, Europe, and the Asia-Pacific region. Flexifai maintains on-ground operations in Africa and Latin America to support merchants requiring market-specific payment expertise.