Sign In or Register | Saturday, February 24, 2024
AfricaTeam,   10/28/2022 4:11:58 PM Add AfricaTeam as a Friend | Send Message
Africa See Profile
Touch And Pay Wins $50,000 Ecobank Fintech Challenge 2022

 Touch and Pay processes microtransactions across Africa, such as paying for bus journeys

 
 

LOMÉ, Togo, October 28, 2022/ -- Ecobank Group (www.Ecobank.com) is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, today at Ecobank’s headquarters in Lomé,  presided by H.E. Cina Lawson, Minister of  Digital Economy and Transformation, Republic of Togo. Touch and Pay took home a $50,000 cash prize, the largest no-strings attached fintech cash prize in Africa.



Touch and Pay processes microtransactions across Africa, such as paying for bus journeys. Today, Touch and Pay has over 2 million users who help 500,000 people make payments every day.

The winner and the other five finalists were also inducted into the Ecobank Fintech Fellowship – a unique programme that gives the Fintech Fellows the opportunity to explore potential commercial partnerships with the Bank, such as integrating with Ecobank’s pan-African banking platforms and scaling their fintech businesses across Ecobank’s 33 African markets.



The five other finalists for the 2022 edition are:

  • Cauri Money, Senegal  
  • DizzitUp, Togo
  • MaishaPay, Democratic Republic of Congo
  • Moni Africa, Nigeria
  • Paycode, South Africa
  • Touch and Pay, Nigeria
  •  

Ade Ayeyemi, Chief Executive Officer, Ecobank Group, congratulating the finalists, said: This year's six finalists have set the bar high at this Grand Finale. Their innovations are revolutionising the financial payments landscape in Africa and advancing financial inclusion. It is an honour for the Ecobank Group to partner with them and jointly transform the financial landscape of our continent.” Mr Ayeyemi also expressed Ecobank’sprofound appreciation to all our partners especially Arise, the gold sponsor of the 2022 Challenge, as well as to the Jury who worked tirelessly to evaluate the finalists and select the winner.



Gavin Tipper, the CEO of Arise, a gold partner and co-sponsor of the challenge, said: “Arise extends its congratulations to the finalists and the winner for the creativity and innovation they displayed. The Ecobank Fintech Challenge has become an important platform for supporting fintech innovators and encouraging bold solutions to advancing financial inclusion in Africa. The talent on offer in this year's pool of finalists once again exceeded expectations, and we look forward to seeing how the different products transform financial services on the continent.” 



Oluwole Michael, CEO of Touch and Pay expressing deep satisfaction at winning the Fintech Challenge, commented: We at Touch and pay (TAP) are excited about the opportunity given to us to work with Ecobank, a pan-African bank operating across Africa.  This plugs into our vision of helping 250m Africans process cash-based transactions digitally making them truly cashless and providing true credit facilities for merchants, retailers, and customers.”



In addition to the pitch  by each of the six finalists and a keynote address by H.E. Cina Lawson, highlights at the Grand Finale included panel discussions on ‘Sustaining and deepening investor interest in African Fintech in the face of global economic crisis: what should investors, Fintech companies and governments do?’ and ‘Ensuring Fintech-friendly regulations that accelerate start-up growth and maturity: what is the best way forward for Africa.’



Almost 4,000 start-ups have participated in the five editions of Ecobank Fintech Challenge since it was launched in 2017. Since then, 52 Fintechs have been inducted into the Ecobank Fintech Fellowship. The 2022 Challenge was supported by partners including Arise, Konfidants, Tech Cabal, Africa Fintech Network and ALX Ventures.

 

 

Distributed by APO Group on behalf of Ecobank.
 
Names, countries and websites of the six Finalists and 2022 Ecobank Fintech Fellows

 Name
 
Country
 
Website
 
DizzitUp
 
Togo
 
DizzitUp (www.DizzitUp.com)
 
MaishaPay
 
DRC
 
https://www.Maishapay.net/
 
Paycode
 
South Africa
 
https://Paycode.com/
 
Moni Africa
 
Nigeria
 
https://www.Moni.africa/
 
Touch and Pay
 
Nigeria
 
https://TouchandPay.me/
 
Cauri Money
 
Senegal
 
https://Cauri.money/
 

 
Tags:Touch And Pay Wins $50,000 Ecobank Fintech Challenge 2022
Bookmark and Share Email Email to Friends Print Print
0
Comments(0)
Please Sign In  or Register  to post a comment.
UserName:
Password:

 
Facebook Twitter YouTube Instagram Linkedin African Music
Push
Post a New Story from your Account, then Vote for it Here by clicking Push



Most Popular
Latest Forums
Latest Polls
Links
Tags
    Nigeria    Kenya    
South Africa    Ghana    
Africa's Top 10 National Parks    The Cost of an African Safari Adventure: From Budget to Luxury    Egypt    Ethiopia    Zimbabwe    
Uganda    Africa    Tanzania    African Development Bank    Test    Kenya a Hot bed of Investments    Mosi-oa-Tunya Falls "The Smoke That Thunders"    Pope Francis On Safari In Kenya    The Greatest Footballer Ever    Malawi    
Media Kit | Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us
Copyright © 2022-2024 "Africa Updates" All rights reserved