Ecobank launches sandbox to help African fintechs develop innovative apps

Banking
Tuesday, 28 January 2020 15:56
Ecobank launches sandbox to help African fintechs develop innovative apps

(Togo First) - Lomé-based pan-African lender Ecobank has launched a sandbox. This is an IT security system enabling its partners and fintechs, across all 33 African countries where the bank operates, to access and develop apps through its App Programming Interface (API).

The move, according to the bank, will promote its e-banking segment. It follows the appointment last year of a new Group Senior Fintech Advisor, Djiba Diallo.

Diallo, after the announcement of the sandbox pilot, declared: “It will create a great avenue for collaboration between Ecobank and Fintechs, give fintechs the chance to further innovate while developing the capacity of the wider fintech ecosystem on the continent.” 

The sandbox is yet another indication that Ecobank firmly believes that digital banking is the future and the future is now. Hence our commitment to lead Africa into the new age of banking,” added Ecobank CEO, Ade Ayeyemi. 

For this pilot stage, five African fintechs have been selected, knowingly: InTouch (Senegal), Flutterwave (Nigeria), Africa's Talking (Kenya), Callme2Work (Kenya), and Esicia Ltd (Rwanda).

Ayi Renaud Dossavi

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