How this Senegalese fintech startup is going pan-African
Disrupt Africa reported earlier this month InTouch, launched in 2014, had partnered Total and Worldline in an agreement that will see its solutions rolled out across eight African countries, including Burkina Faso, Cameroon, Ivory Coast, Kenya and Morocco.
The startup provides a universal solution – Touch – that allows vendors to accept all forms of payments and offer digital services using a single device with one account.
It aggregates several means of payment, allows for services such as money transfers, bill payment and airtime top-up, and also allows merchants to create and manage loyalty programmes.
Founder Omar Cissé told Disrupt Africa InTouch’s international expansion had been inspired by its significant success in in Senegal, where in July it reached 650.000 transactions for a volume of more than EUR17 million (US$20 million).
Photo courtesy of Institute for Money, Technology and Financial Inclusion.