Codebase taps MojoPay to launch banking platform

By Vriti Gothi

Codebase Technologies has partnered with Mojo Payments (MojoPay) to launch Digibanc™ BaaS 2.0, a next-generation Banking-as-a-Service platform designed to unlock Ghana’s fast-growing digital finance market, valued at  $269 billion. With more than 240 financial institutions in Ghana alone positioned to benefit, the initiative represents a significant step in reshaping the future of financial services across the region.

The launch comes at a transformative moment for Ghana’s digital economy. In 2024, mobile money transactions reached $257 billion, while loans issued totalled $6.499 billion. With mobile penetration now exceeding 113% of the population, consumer demand for digital and mobile-first financial solutions has never been greater. Yet, many institutions continue to face barriers, including legacy infrastructure, high operating costs, and limited technical capacity. The country’s estimated $5 billion SME financing gap further highlights the urgent need for agile, inclusive, and customer-centric financial solutions, precisely the gap Digibanc™ BaaS 2.0 aims to fill.

Powered by Codebase Technologies’ award-winning Digibanc™ digital banking platform and integrated with MojoPay’s advanced payments infrastructure, Digibanc™ BaaS 2.0 delivers cloud-native, API-first digital banking capabilities in a scalable, cost-efficient model. By reducing deployment complexity and shortening time to market, the platform enables banks, FinTechs, and start-ups to rapidly digitise operations and launch innovative customer experiences without the burden of high capital investment or lengthy development cycles.

Omar Mansur, Managing Director APAC of Codebase Technologies, said, “This collaboration represents a major step in redefining how digital banking is delivered across Africa. Ghana is a market full of promise, with the right conditions for scale and innovation. Together with MojoPay, we’re removing the traditional barriers to entry and giving institutions the tools they need to lead in a digital-first economy.”

Saqib Nazir, CEO of MojoPay, said, “Financial institutions across Ghana are ready to modernise, but many lack the technical infrastructure to do so efficiently. By combining our regional presence with Codebase Technologies’ proven track record and cutting-edge digital banking platform, we’re unlocking a new era of affordable, scalable innovation. This is about giving our clients a faster, smarter way to go digital, without trade-offs.”