Ecobank Group on Friday announced that ‘Touch and Pay’, a Nigeria-based fintech won the 2022 edition of the Ecobank Fintech Challenge.
The announcement was made at the Grand Finale of the programme held 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, a statement by Ecobank said Friday.
The fintech company processes microtransactions across Africa, such as paying for bus journeys with over 2 million users who help 500,000 people make payments every day.
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…
