Codebase Technologies, a global leader in digital banking technology, has entered a strategic partnership with Mojo Payments (MojoPay) to launch a next-generation digital banking platform, Digibanc BaaS 2.0, designed to accelerate innovation and financial inclusion across Ghana’s fast-growing financial sector. In Ghana alone, the serviceable addressable market for the Digibanc BaaS 2.0 platform includes over 240 financial institutions, with significant growth potential across Africa.
The initiative comes at a pivotal time for Ghana’s digital economy, with hundreds of financial institutions expected to benefit from the platform. In 2024, mobile money transactions reached GHS 3.0192 trillion (USD 257 billion)1, while total loans issued amounted to USD 6,499 billion. With mobile connections now at 113% of the population3 and more Ghanaians managing their finances through digital and mobile channels, the opportunity is immense. Yet despite this momentum, many institutions remain constrained by legacy infrastructure, the high cost of technology ownership, and operational complexity. The estimated USD 5 billion SME financing gap is a clear example of where tailored financial services are urgently needed and where solutions enabled by our BaaS 2.0 platform can help institutions deliver more accessible, innovative credit to drive inclusive growth.
The new Digibanc BaaS 2.0 Platform, powered by Codebase Technologies’ award-winning Digibanc delivers cloud-native, API-first digital banking capabilities through a flexible and cost-efficient model, and leverages MojoPay’s advanced payments infrastructure to facilitate seamless and intuitive experiences, making it easier for banking customers to transact. Engineered to eliminate complexity and reduce deployment time, the platform empowers financial institutions, start-ups and fintechs to digitise faster and launch new experiences without the burden of large capital expenditure or long development cycles.
Speaking on the joint venture partnership, 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 includes a broad spectrum of digital banking capabilities, ranging from customer onboarding and core banking to cards, payments, lending, and customer engagement tools, all delivered through a customer-centric, unified SaaS 2.0 environment. Its design enables rapid scalability, giving institutions the ability to tailor services to their customers’ evolving expectations without complex integrations or heavy IT investment.
“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,” said Saqib Nazir, CEO of MojoPay.
The partnership is expected to have a lasting impact on the region’s financial services landscape through directly supporting national goals around financial inclusion, digital transformation, and economic empowerment.
This initiative reflects Codebase Technologies’ global mission of “Building What Comes Next,” a commitment to delivering future-ready digital banking infrastructure that empowers institutions to lead in an increasingly digital world.
