Zambian fintech company Zoyk is set to expand its payments business into the Democratic Republic of Congo after receiving approval from the Banque Centrale du Congo to provide payment aggregation services through its Zoykpay platform.
The approval, announced on September 10, gives Zoyk a regulatory pathway to prepare for operations in the DRC. However, the company still has some implementation and regulatory requirements to complete before it can begin full commercial operations.
Zoykpay is designed to connect businesses and financial institutions to multiple payment channels through a single platform. In the DRC, where businesses often deal with different banks, mobile money operators and other payment providers, the service is expected to simplify payment collection, transaction management and reconciliation.
The expansion gives Zoyk an opportunity to strengthen its position in the African payments market. Rather than focusing only on consumer wallets, the company is building payment infrastructure for businesses, financial institutions and public sector organisations.
Its platform supports payment collection, settlement, multi currency transactions and cross border payments. In Zambia, its merchant offering allows businesses to accept payments from Airtel Money, MTN MoMo and Zamtel through a single balance.
The move into the DRC also follows the company’s growing regulatory presence in Zambia. In May 2024, the Bank of Zambia designated Zoyk Pay Zambia Limited as a payment aggregator. By 2026, the company was operating as a Bank of Zambia licensed payment service provider and had expanded its services beyond conventional payment processing.
In June, Zoyk also partnered with Visa through Visa Direct to introduce an interoperable digital payment solution aimed at Zambia and the wider Southern African Development Community region.
The DRC is now another important market in Zoyk’s regional expansion plans. The company says it has active deployments in Zambia, the DRC, Tanzania, Malawi, Zimbabwe and South Africa, while Angola is listed as an upcoming market.
Although the latest approval does not mean Zoykpay has started commercial operations in the DRC, it brings the company closer to launching in the country and strengthens its wider push to connect Africa’s fragmented payment systems.
