The verdict in three sentences
For a Senegalese e-commerce focused on Wave/Orange Money, PayDunya remains the cheapest at 2.8% per transaction with strong local coverage, but slower settlement (T+3). For Ivory Coast and multi-operator needs (MTN, Moov, Wave CI, Visa), CinetPay justifies its 3.5% with a single integration and T+2 settlement. Kkiapay shines in Benin/Togo with T+1 settlement, but its 3.2% + 200 FCFA flat fee penalizes small baskets.
Fee and settlement comparison 2026
The three aggregators dominate online collection in the UEMOA zone, but their cost structures diverge sharply by target market. Here are the 2026 orders of magnitude to base your decision on.
| Criterion | CinetPay | PayDunya | Kkiapay |
|---|---|---|---|
| Fee per transaction | 3.5% | 2.8% | 3.2% + 200 FCFA |
| Settlement delay | T+2 | T+3 | T+1 |
| Minimum payout threshold | 25,000 FCFA | 25,000 FCFA | 25,000 FCFA |
| Monthly account fee | 0 FCFA | 0 FCFA | 0 FCFA |
| Refund cost | 500 FCFA | Free | 300 FCFA |
| Main target market | CI / multi-country | Senegal | Benin / Togo |
| Sandbox activation delay | 48 h | 24 h | 24 h |
The 0.7-point gap between PayDunya and CinetPay seems minor, but on a monthly volume of 5,000,000 FCFA, it represents 35,000 FCFA of difference, or 420,000 FCFA per year.
Operator coverage by aggregator
The choice is never about the rate alone: payment-method coverage drives your real conversion rate. A customer who can't find their operator abandons the cart.
| Payment method | CinetPay | PayDunya | Kkiapay |
|---|---|---|---|
| Wave Senegal | Yes | Yes | No |
| Wave CI | Yes | No | No |
| Orange Money SN | Yes | Yes | No |
| MTN MoMo CI | Yes | No | Yes |
| Moov Money CI | Yes | No | Yes |
| MTN MoMo Benin | No | No | Yes |
| Visa/Mastercard | Yes | Via Stripe | Yes |
| Stripe international | No | Yes | No |
A merchant targeting Senegal only with a Wave/Orange Money clientele finds everything at PayDunya. An Ivorian or pan-African merchant needs CinetPay to cover Wave CI, MTN and Moov without multiplying integrations.
Mini case study
Awa, who runs a cosmetics shop in Dakar, collects 3,200,000 FCFA per month on her site, exclusively via Wave and Orange Money Senegal. With CinetPay at 3.5%, she would pay 112,000 FCFA in monthly fees. With PayDunya at 2.8%, she pays only 89,600 FCFA, a saving of 22,400 FCFA per month and 268,800 FCFA over the year. Since her customers don't use MTN or Moov CI, CinetPay's extended coverage brings her nothing: PayDunya is the rational choice. The only trade-off: waiting T+3 instead of T+2 to recover her cash.
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FAQ
Which aggregator is cheapest for a Senegalese e-commerce?
PayDunya, at 2.8% per transaction with no flat fee, is the most economical for a Senegalese merchant focused on Wave and Orange Money. On 5,000,000 FCFA of monthly volume, you save about 35,000 FCFA versus CinetPay.
How long until I receive my money?
Settlement ranges from T+1 at Kkiapay to T+3 at PayDunya, with CinetPay at T+2. If cash flow is tight, Kkiapay or CinetPay limit the wait, but check the 25,000 FCFA minimum payout threshold.
Can I accept international bank cards?
Yes: CinetPay and Kkiapay integrate Visa/Mastercard directly, while PayDunya routes international payments through Stripe. This is useful if you target the diaspora or customers outside the UEMOA zone.
How much does a customer refund cost?
PayDunya refunds for free, CinetPay charges 500 FCFA and Kkiapay 300 FCFA per operation. On a business with many returns, this line adds up: factor it into your margin calculation.
Should I use an aggregator or a direct integration?
An aggregator saves you 60 to 80 hours of development and a single webhook to maintain. Direct integration costs less per percent but multiplies contracts and maintenance — worthwhile only at high volumes.
Let's talk about your project. We integrate the most profitable aggregator for your market and configure webhooks end to end. WhatsApp +221 77 596 93 33.
Mohamed Bah
Fondateur, Kolonell
Passionate about digital and entrepreneurship in Africa, Mohamed has been helping Sénégalese businesses with their digital transformation since 2020. Founder of Kolonell, he believes every SME deserves a professional and accessible online présence.
