• Latest
  • Trending

Nigerian Firm, Touch and Pay, Wins $50,000 Ecobank Fintech Challenge 2022

October 28, 2022
Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

October 1, 2023
Windows 11 Launches New Microsoft’s AI Assistant

Windows 11 Launches New Microsoft’s AI Assistant

October 1, 2023
Zinox Partners Imo State Govt. To Equip 15,000 Youths With Digital Skills

Zinox Partners Imo State Govt. To Equip 15,000 Youths With Digital Skills

September 28, 2023
Re-imagine Education Program: Airtel, UNICEF Plan Additional 109 Schools For Nigeria

Re-imagine Education Program: Airtel, UNICEF Plan Additional 109 Schools For Nigeria

September 27, 2023
NASENI EVC/CEO, Halilu, Charges Management Team To Commit To Agency’s New Direction

NASENI EVC Reiterates Commitment To Delivering On Presidential Priorities

September 27, 2023
Cloud Network Foundation Tasks CIDE Minister On Areas of Intervention

Cloud Network Foundation Tasks CIDE Minister On Areas of Intervention

September 27, 2023
9mobile Receives Special Recognition Award From AAAN

9mobile Receives Special Recognition Award From AAAN

September 27, 2023
Hackers Hit Hong Kong Crypto Firm With $200 million Hack

Hackers Hit Hong Kong Crypto Firm With $200 million Hack

September 27, 2023
AI-Made Music: Spotify At A Crossroad, As Authenticity Debate Rages

AI-Made Music: Spotify At A Crossroad, As Authenticity Debate Rages

September 27, 2023
ALTON Reaches Out To President On Renewed Threats To Telecom Services

ALTON Reaches Out To President On Renewed Threats To Telecom Services

September 27, 2023
Medallion, IXPN Internet Stakeholder Workshop Harps On Peering, Interconnectivity And Localisation

Medallion, IXPN Internet Stakeholder Workshop Harps On Peering, Interconnectivity And Localisation

September 27, 2023
KONGA Pioneers Africa’s Buyers and Sellers TV

KONGA Pioneers Africa’s Buyers and Sellers TV

September 25, 2023
EBusiness Life
Monday, October 2, 2023
Newsletter
Contact Us
  • Home
  • NewsBytes
    • Agrictech
    • Cybersecurity
    • e-Politics
    • Entertainment
    • Fintech
    • Foreign News
    • Local News
    • Social Media
    • StartUps
    • State News
  • Big Issues
  • Columns
    • Contributions
    • eScope
    • Inside Issues
  • Cyberparenting
  • Tech Talk
    • Innovations
    • World of Sc & Tech
  • Gadget Review
    • Phones
    • Laptops
    • Accessories
  • Interviews
  • Events
  • PhotoNews
  • Archives
  • Digital Edition
No Result
View All Result
E-Business Life
No Result
View All Result

Nigerian Firm, Touch and Pay, Wins $50,000 Ecobank Fintech Challenge 2022

by Admin
October 28, 2022
in NewsBytes
Reading Time: 3 mins read
A A
0

Ecobank Group has announced Touch and Pay, a Nigeria-based fintech aas the winner of the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, on Friday 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.

YOU MAY ALSO LIKE

Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

Windows 11 Launches New Microsoft’s AI Assistant

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

Chief Executive Officer, Ecobank Group, Ade Ayeyemi, 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’s “profound 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.”

The CEO of Arise, a gold partner and co-sponsor of the challenge, Gavin Tipper, 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.”

CEO of Touch and Pay, Oluwole Michael, 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.

Share this:

  • Tweet
  • WhatsApp
  • Telegram
ShareTweetSendShareShareBookmark

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

October 1, 2023
Windows 11 Launches New Microsoft’s AI Assistant

Windows 11 Launches New Microsoft’s AI Assistant

October 1, 2023
Zinox Partners Imo State Govt. To Equip 15,000 Youths With Digital Skills

Zinox Partners Imo State Govt. To Equip 15,000 Youths With Digital Skills

September 28, 2023

Ebusiness Life

Ebusiness Life is news Tech company. We give you latest updates on Tech News and other tech related news.

Join our mailing list and get latest updates.

Check your inbox or spam folder to confirm your subscription.

Popular Posts

Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

Cassava Tech Partners Atlas AI As Digital Transformation Sweeps Across Africa

by Admin
October 1, 2023
0

Windows 11 Launches New Microsoft’s AI Assistant

Windows 11 Launches New Microsoft’s AI Assistant

by Admin
October 1, 2023
0

Zinox Partners Imo State Govt. To Equip 15,000 Youths With Digital Skills

Zinox Partners Imo State Govt. To Equip 15,000 Youths With Digital Skills

by Admin
September 28, 2023
0

Categories

  • Big Issues
  • Columns
    • eScope
  • Cyberparenting
  • eBusiness
  • Gadget Review
    • Laptops
    • Phones
  • Interviews
  • NewsBytes
    • Agrictech
    • Cybersecurity
    • e-Politics
    • Entertainment
    • Fintech
    • Foreign News
    • Local News
    • Social Media
    • StartUps
  • Opinion
  • Tech Talk
    • World of Sc & Tech
  • Uncategorized

Quick Links

  • Contact Us
  • Newsletter
  • Privacy & Policy
  • Contact Us
  • Newsletter
  • Privacy & Policy

© 2022 Ebusiness Life - Desinged by Kreative TechPoint.

No Result
View All Result
  • Home
  • NewsBytes
    • Agrictech
    • Cybersecurity
    • e-Politics
    • Entertainment
    • Fintech
    • Foreign News
    • Local News
    • Social Media
    • StartUps
    • State News
  • Big Issues
  • Columns
    • Contributions
    • eScope
    • Inside Issues
  • Cyberparenting
  • Tech Talk
    • Innovations
    • World of Sc & Tech
  • Gadget Review
    • Phones
    • Laptops
    • Accessories
  • Interviews
  • Events
  • PhotoNews
  • Archives
  • Digital Edition

© 2022 Ebusiness Life - Desinged by Kreative TechPoint.