Hanypay, a pioneering fintech platform focused on seamless and secure financial transactions, has announced an innovative partnership with Kenyan fintech giant Dynamic Pay Solutions (DPS). This collaboration brings the AKL Lumi digital currency to M-PESA platforms, further enhancing access to financial services across Africa.
M-PESA, renowned for its unmatched convenience and safety, is the preferred payment method across the continent, serving both banked and unbanked populations. Through this integration, millions of M-PESA users in countries utilizing the platform can now access AKL Lumi. This marks a significant step in promoting financial inclusion and empowering communities with sustainable digital solutions.
Expanding Financial Access and Inclusion
For years, M-PESA has provided a lifeline for individuals with limited access to traditional banking. Its capabilities include sending and receiving money, airtime top-ups, bill payments, salary disbursements, and short-term loans. By integrating AKL Lumi, Hanypay and DPS are extending these benefits to encompass the digital currency ecosystem, enabling:
Safe and affordable transactions: Users can send and receive AKL Lumi with the same convenience and security they expect from M-PESA.
Enhanced financial options: Access to AKL Lumi as a currency opens up new opportunities for microtransactions, savings, and lending.
Support for sustainable economies: As AKL Lumi drives projects in renewable energy, infrastructure, and social empowerment, this integration empowers communities to directly participate in a greener, inclusive future.
Revolutionizing Payments with DPS
DPS is renowned for empowering businesses with cutting-edge payment gateway solutions tailored for card and mobile payments. Its partnership with Hanypay ensures:
Innovative payment solutions: DPS provides robust, reliable, and state-of-the-art technology for seamless mobile payments.
Secure and compliant transactions: With industry-leading security measures and global compliance standards, every transaction is protected.
A comprehensive merchant dashboard: Merchants gain complete control and visibility over
transactions, with tools to analyze trends, generate API keys, and manage operations efficiently.
WHAT THIS MEANS FOR YOUR BUSINESS
Seamless User Experience: Customers enjoy an intuitive and hassle-free payment process, increasing satisfaction and trust.
Complete Control: The DPS Dashboard puts all transaction data and API tools at your fingertips, making management a breeze.
Increased Conversions: Offering M-PESA as a payment option captures a broader audience and drives more sales.
Secure Transactions: Built-in fraud prevention and end-to-end encryption safeguard every transaction.
A VISION FOR AFRICA’S DIGITAL FINANCIAL LANDSCAPE
“This partnership underscores our commitment to bridging gaps in financial inclusion and driving sustainable economic growth,” said Chris Aryee, Executive Director of Hanypay. “By leveraging the widespread adoption of M-PESA and the innovative capabilities of DPS, we’re making AKL Lumi accessible to millions, fostering a resilient and inclusive financial ecosystem across Africa.”
ABOUT HANYPAY
Hanypay is a cutting-edge fintech platform offering diverse financial services, including currency exchanges, loans, and digital payment solutions licensed by the Africa Diaspora Central Bank (ADCB) for the AKL Lumi currency. With a presence in over 170 fiat currencies and a rapidly growing global customer base, Hanypay is revolutionizing how individuals, businesses, and governments interact with money.
ABOUT DYNAMIC PAY SOLUTIONS (DPS)
Dynamic Pay Solutions is a leading fintech company based in Kenya, specializing in payment solutions that enhance the efficiency and reach of digital financial systems. Their expertise in integrating technologies like M-PESA drives innovation and inclusion across Africa.
HOW THE M-PESA MOBILE PAYMENT PROCESS WORKS ON HANYPAY?
The mobile payment process is seamless and efficient. When a customer visits your site and selects their desired items, such as Lumi currency, they proceed to check out. At this stage, they choose “Mobile-M-Pesa” as their preferred payment method and enter a registered or valid M-Pesa number.
Upon submission, the payment request is securely transmitted to the DPS Gateway through an integrated system. DPS then forwards the request to M-Pesa, triggering an instant STK Push notification to the customer’s mobile number. The customer promptly receives a prompt on their phone to enter their M-Pesa PIN.
Once the PIN is entered, the payment is processed instantly, deducting the specified amount from the customer’s M-Pesa account. Both the customer and the merchant receive real-time confirmation of the successful transaction, ensuring a smooth and reliable payment experience.
