The International Finance Corporation (IFC) has announced a partnership with Cashi, a fintech company building digital payment infrastructure in Africa, including in Chad.
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.
Tarneem Saeed, CEO of Cashi, said: “IFC’s upstream support allows us to adapt our proven, crisis-tested platform to the realities of central Africa. This partnership enables us to work closely with regulators and ecosystem partners, build trust with local merchants, and deliver practical financial tools that people can use in their daily lives, even in low-connectivity environments.”
“Expanding access to digital financial services through innovative, tailored solutions is critical in markets where smartphone penetration is low,” said Olivier Buyoya, IFC division director for West Africa. “This project underscores IFC’s commitment to support accessible, low‑tech, and resilient architecture solutions that boost access to finance for individuals and businesses in the Sahel more broadly.”
Read more: https://www.africaprivateequitynews.com/p/cashi-secures-ifc-support-for-digital
