CFAO is proud to announce the signing of a strategic partnership with InTouch, a key player payment solutions and digital services in Africa.
InTouch is a leading provider of payment and digital services distribution systems across Africa. The company aims to make financial services available to as many people as possible across the continent, and has developed a solution that offers over 230 digital services such as mobile money, agency banking, money transfers,airtime top-ups, and acceptance of all the payment methods available in the countries in which InTouch operates (mobile money, credit and debit cards, vouchers, digital cash, etc.)
CFAO joins forces with Total and Worldline to help InTouch and its management team to pursue their business development across Africa. CFAO’s investment reflects its drive to actively develop Africa’s digital payments industry. As explained by Richard Bielle, CEO of CFAO Group :
« The rapid growth of African economies and acceleration in the transformation will largely rely on financial inclusion. Since its inception, InTouch has been actively involved in this formative change for the continent.[…] ».
The move comes as part of a capital increase through which CFAO will co-invest in Touch with Mobility54, a corporate venture capital fund created in partnership with Toyota Tsusho Corporation in 2019 to focus on Africa’s mobility sector.