How to Start Your Payment Company in 72 Hours With BorderPal

Building payment systems from scratch is costly and inefficient. Shared infrastructure is the only sustainable way to scale payment solutions across Africa. BorderPal empowers founders to focus on customer acquisition and growth while we handle the backend complexities

The Traditional Way: Cost Breakdown

Here’s what it typically takes to start a payment company and maintain operations for 18 months:

Note: This excludes unexpected costs such as higher server demands, policy compliance fines, or additional staffing needs.

The Risks of Building from Scratch

1. Policy Changes: Governments often implement sudden regulatory changes that can disrupt operations.
2. Staff Relocation: Key staff members may leave the company unexpectedly, halting progress.
3. Fundraising Challenges: Failure to secure the next round of funding can lead to shutdowns.
4. Server Costs: Scaling increases server demands and costs significantly.
5. Market Validation: Struggles to penetrate the market and gain customers can derail growth.
6. Scaling Complexity: Expanding operations while maintaining efficiency requires expertise and capital.
7. Playing Catch-Up: Competing with established players with market share, networks, and brand trust.

What Africa Truly Needs

Africa is ripe for financial inclusion, with immense demand for:

• Cross-border Payment Companies
• Agency Banking Solutions
• Remittance Platforms

Quotes Supporting This Need:

1. “Africa’s economic growth is stunted without seamless cross-border payment systems.” – Akinwumi Adesina, AfDB President.
2. “Financial inclusion cannot thrive without reliable remittance platforms in Africa.” – Ngozi Okonjo-Iweala, WTO Director-General.
3. “Agency banking is the backbone of financial inclusion for rural areas.” – Mitchell Elegbe, CEO of Interswitch.
4. “Cross-border payments are essential for Africa’s growing entrepreneurial class.” – Jim Ovia, Founder of Zenith Bank.
5. “The future of Africa’s financial systems lies in interoperability across borders.” – Chris Skinner, Fintech Expert.
6. “Remittances are lifelines for millions in Africa, and we need to make them faster and cheaper.” – Bill Gates, Philanthropist.
7. “To empower African SMEs, we need robust agency banking networks.” – Strive Masiyiwa, Econet Founder.
8. “Digital finance in Africa is incomplete without better cross-border solutions.” – Arunma Oteh, Academic and Fintech Advocate.
9. “Cross-border trade is the heart of Africa’s economic integration.” – Carlos Lopes, Economist.
10. “Africa’s remittance platforms are bridges to financial empowerment.” – Patrick Akinwuntan, MD Ecobank Nigeria.

Shared Infrastructure: The Key to Unlocking Payments in Africa

Building payment systems from scratch is costly and inefficient. Shared infrastructure is the only sustainable way to scale payment solutions across Africa. BorderPal offers this solution, empowering founders to focus on customer acquisition and growth while we handle the backend complexities.

With BorderPal, the dream of running a global payment company is not just achievable—it’s affordable and accessible. Whether you want to launch a remittance business, a cross-border payment platform, or an agency banking solution, BorderPal.co provides everything you need to start within 72 hours.

Launching a Payment Company with BorderPal’s Shared Infrastructure

Regardless of age or funding, Africans can launch global payment companies—agency banking, cross-border payment, or remittance businesses—through BorderPal.co.

BorderPal has done the heavy lifting for aspiring founders.

By providing a robust, ready-made infrastructure and partnering with key local and international players, BorderPal makes launching a payment company as easy as signing up and onboarding customers.

Here’s how BorderPal removes barriers for individuals and businesses:

• Pre-built Payment Infrastructure: A secure platform with regulatory compliance baked in. We handle KYC, regulatory compliance, and integrations.
• Global Partnerships: Connections with local and international financial networks.
• Cost-Effective Solution: Shared infrastructure significantly reduces startup costs. There is no need for expensive developers, licenses, or complex infrastructure.
• Speed to Market: Launch your agency banking, cross-border payment, or remittance platform almost immediately. In just 72 hours, you can start onboarding customers.
• Scalable Technology: Focus on growth and profitability while we ensure your tech stays robust.
• Tailored for Individuals: You can become a fintech founder even with no tech or financial background.
• For Licensed Entities: Already have a license but need help with technology? BorderPal’s off-the-shelf solutions provide the tools you need to scale effortlessly.

The BorderPal Advantage

BorderPal.co is a product of ErrandPay, a profitable fintech company currently serving over 127 businesses. Our track record speaks for itself: we’ve created a platform that processes secure, convenient, and global transactions for businesses and individuals alike.

At BorderPal, we believe payments are about more than transactions—they’re about empowering businesses and individuals to participate in the global economy. By reducing barriers and providing shared infrastructure, we’re enabling African entrepreneurs to turn their fintech dreams into reality.

Why Wait?

Transform your dream of starting a payment company into reality in just 72 hours. With BorderPal, the barriers are gone, and the opportunities are endless. Let’s drive financial inclusion together.

👉 Learn more at BorderPal.co and start your journey to becoming a fintech founder today!