Paycode
Paycode provides biometric digital identity and offline last-mile payments technology for unbanked populations.
Founded
2016Paycode provides biometric digital identity and offline last-mile payments technology for unbanked populations.
EDAPT is Paycode's biometric digital identity and offline payments platform for last-mile delivery of basic financial services. It combines field-based biometric and KYC registration, biometric smart cards and mobile interfaces, and offline real-time transaction processing with proof-of-life verification.
The platform serves governments, central banks, commercial banks, and donor organizations paying unbanked and underserved populations in areas with little or no connectivity. Reported deployments include Ghana's national payment switch, Zambia's farmer input subsidy program, social assistance in Mozambique, tax collection in the Democratic Republic of the Congo, and humanitarian cash programs in Sudan and Afghanistan.
Paycode targets the roughly one billion people worldwide without official identification and the 1.7 billion unbanked adults, a population concentrated in regions with limited connectivity. Its buyers are governments, central banks, and donor-funded aid programs that must pay remote populations reliably.
The company reports more than 6 million registered users across eight countries, with active deployments in Ghana, Zambia, Mozambique, the Democratic Republic of the Congo, Sudan, and Afghanistan. Investment One's 2021 equity stake was aimed at accelerating expansion into Nigeria and other larger African markets.
EDAPT authorizes transactions fully offline against data stored on the biometric smart card, so recipients can transact in real time without a smartphone, formal identification, or network coverage. Biometric proof-of-life checks prevent duplicate beneficiaries and ghost recipients across aid programs.
The platform interoperates with banks, mobile money, card networks, and blockchain rails, including a 2025 partnership with the Algorand Foundation. Paycode reports its account costs run roughly 87 percent below traditional accounts, lowering the per-user economics of serving remote populations.
Paycode sells EDAPT through enterprise and government contracts rather than public self-serve pricing, and contract values are not disclosed. Revenue is fee-driven and tied to the volume of grant and social programs processed for governments, banks, and donor organizations.
The company positions its accounts as roughly 87 percent cheaper than traditional accounts, with low-cost biometric smart cards intended to make per-account economics viable for mass financial inclusion programs.