Codebase Technologies has entered a strategic partnership with Mojo Payments (MojoPay) to introduce a digital banking platform, Digibanc BaaS 2.0, aimed at supporting innovation and financial inclusion across Ghana’s financial sector.
In Ghana, the serviceable addressable market for the platform includes over 240 financial institutions, with further growth potential across Africa.
The initiative comes as Ghana’s digital economy continues to expand.
In 2024, mobile money transactions reached GHS 3.0192 trillion (US$ 257 billion), while total loans issued amounted to US$ 6,499 billion.
Mobile connections have reached 113% of the population, and more Ghanaians are managing their finances through digital and mobile channels.
Despite this progress, many institutions face challenges related to legacy infrastructure, high technology costs, and operational complexity.
The estimated US$ 5 billion SME financing gap highlights the need for tailored financial services, which the BaaS 2.0 platform aims to address.
The Digibanc BaaS 2.0 Platform, built on Codebase Technologies’ Digibanc system, provides cloud-native, API-first digital banking functions through a flexible and cost-efficient model.
The platform integrates MojoPay’s payments infrastructure to enable seamless digital transactions.
Designed to reduce complexity and deployment time, it allows financial institutions, start-ups, and fintechs to digitise services and launch new offerings without significant capital expenditure 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.”
The platform covers a wide range of digital banking capabilities, including customer onboarding, core banking, cards, payments, lending, and customer engagement tools, all within a unified SaaS 2.0 environment.
Its design supports rapid scalability, enabling institutions to tailor services to their customers’ evolving needs without complex integrations or heavy IT investment.
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 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.”
Featured image credit: Edited by Fintech News Africa, based on image by diloka107 via Freepik
