Ecobank and Fingo Africa partner to launch new app
By Delisha Fernandes
Ecobank Kenya, part of Ecobank Group, a pan-African banking Group, has announced the launch of the Fingo Africa app, which is set to enhance financial inclusion for young people in Kenya and across Africa.
The App was developed in close collaboration between Fingo Africa, a Kenyan FinTech company and Ecobank. The App launch in Kenya will be followed by a rollout across Ecobank’s pan-African footprint.
Commenting on the app launch, Jeremy Awori, CEO Ecobank Group, said, “We are proud to support the deployment of the Fingo App, a game-changer in digital finance in Africa that brings many young people into the mainstream financial sector and caters to their needs and preferences. By simplifying access to finance, it overcomes the entrenched issues that have often acted as barriers to entry for young Africans. I want to thank our partner, Fingo, for driving such innovation aligned with one of our core missions to drive financial inclusion across the continent.”
The Fingo Africa app empowers Africa’s youth by enabling them to open a bank account via their mobile phone in less than four minutes, send money to other Fingo users for free and to M-Pesa users and pay bills via Paybills and till numbers at subsidised rates.
Users therefore get instantly rewarded whenever they use the App for their day-to-day transactions. Opening the Fingo digital account is free, safe and easy. It attracts no minimum balance and no monthly fees.
Kiiru Muhoya, CEO and Co-Founder Fingo Africa, said, “We are delighted that our Fingo Africa app will accelerate financial inclusion for Kenya’s youth and empower them just by using their mobile phones. We are looking forward to rolling out the App’s availability throughout Ecobank’s 33-country footprint, which will deliver on our vision of empowering Africa’s youth to create wealth in a simple, fun and educative way.”
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