IFC partners with Cashi to Expand Digital Payment Services into central Africa
Sierra Leone, March 25 -- A partnership was announced today between IFC, a member of the World Bank Group, and Cashi, a fintech company building digital payment infrastructure in Africa, including in Chad through interoperable solutions designed for low-connectivity environments.Cashi provides a digital payment platform that enables users and businesses to send and receive money via mobile phones, point-of-sale devices and SMS-based tools. The platform connects users with banks, telecoms and other financial institutions within a single interoperable ecosystem, facilitating everyday transactions in an economy where cash remains dominant, and access to formal financial services is limited.For small businesses, this means fewer constraints whe...
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