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, while total loans issued amounted to USD 6,499 billion. With mobile connections now at 113 of the population 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 the banking customers to transact. Engineered to eliminate complexity and reduce deployment time, the platform empowers financial institutions, start-ups and fintechs to digitize faster and launch new experiences without the burden of large capital expenditure or long development cycles.
