Beyonic is a technology company that aims to eliminate the rampant use of cash in emerging markets. Beyonic's partnerships with mobile network operators and digital financial service providers across Africa enable businesses to quickly deploy and manage 2-way mobile money payments. Via secure, web-based services and robust APIs, its customers access enterprise-level payee and workflow management to reduce fraud and increase transparency across their operations.On June 30, 2020, Beyonic was acquired by MFS Africa. The terms of the acquisition were not disclosed.