Tulupay has announced the prelaunch of its pan-African Financial Operating System (FOS), a new platform designed to connect banks, mobile money operators, digital wallets and blockchain networks across Africa.
The fintech infrastructure company said the system was built to improve interoperability in Africa’s fragmented financial ecosystem and make cross-border payments, remittances and trade easier for businesses and individuals.
Founder of Tulupay, Felix Achibiri, said Africa still faces major challenges with disconnected payment systems and high transaction costs, especially for cross-border transfers.
He said the company wants to create a single infrastructure that links traditional financial services with emerging digital finance platforms across the continent.
“As cross-border transfers remain slow and expensive, and as more African central banks move toward CBDCs, the need for a unifying, interoperable operating system has never been more urgent,” Achibiri said.
According to the company, the Financial Operating System will combine several financial services into one framework for individuals, businesses and institutions. These services include payments, remittances, investment and asset trading.
One of the core products under the platform is Tulu Switch, a payments interoperability hub that allows transactions across different financial platforms through a single API connection.
The company also introduced Tulu Identity, a digital identity and compliance solution aimed at simplifying customer verification and helping firms meet regulatory requirements.
Tulupay said it also plans to launch Tulu Gateway, a trade platform focused on supporting cross-border commerce through digital trade documents and automated settlement processes.
Another product, Tulu Wallet, will allow users to manage fiat and digital currencies from one platform.
The company added that the system would also support asset tokenisation and provide infrastructure for trading digital and tokenised assets. It said the blockchain network behind the platform would serve as the settlement backbone for transactions.
The announcement comes after the Securities and Exchange Commission (SEC) approved Tulupay for participation in its fintech incubation programme, a move expected to support the company’s plans to secure licences for digital asset custody, tokenisation and exchange services.
Achibiri said improving interoperability and reducing payment costs would play a major role in boosting intra-African trade under the African Continental Free Trade Area (AfCFTA).
Tulupay said pilot programmes with financial institutions, regulators and partners are already ongoing ahead of a full rollout of the platform.
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