LUSAKA, Zambia — iZyane InovSolutions, a Zambian FinTech startup, is focusing on underserved communities to drive financial inclusion and innovate cross-border payments in Africa.
Founded by Ackim Chisha and his team, iZyane InovSolutions develops technology for banks, mobile financial service providers, insurance companies, and service aggregators. Its platforms support mobile banking, merchant payments, digital cash management, and collections, with a focus on accessibility.
“We created solutions that allow point-of-sale terminals to accept not just card payments, but mobile money wallets too,” said Chisha. “In rural areas of Zambia and Malawi, many people don’t have bank cards but do use mobile wallets. Now, they can make transactions digitally and safely.”
iZyane is also involved in developing the COMESA Regional Digital Retail Payments Platform, a system aimed at simplifying merchant payments and cross-border money transfers between Malawi, Zambia, and eventually other Common Market for Eastern and Southern Africa (COMESA) nations.
Chisha noted challenges for FinTechs include infrastructure limitations, weak connectivity, low financial literacy, and lengthy licensing processes. “Getting a license can take over six months,” he said. “While regulatory diligence is important, streamlining these processes would accelerate innovation for all.”
Chisha praised initiatives like #40Days40FinTechs for providing visibility and support to African FinTechs.
iZyane InovSolutions was featured on Day 15 of the 40 Days 40 FinTechs Zambia and Malawi edition, an initiative by HiPipo that highlights African FinTech stories and connects innovators with resources to promote financial inclusion and economic empowerment.
