Gozem Money Launches, Expanding Mobile Payments Offerings in Togo

Finance

Thursday, 16 October 2025 05:30

Gozem Money Launches, Expanding Mobile Payments Offerings in Togo

(Togo First) - Togo's financial ecosystem expanded on October 7 with the official launch of "Gozem Money," a new mobile money solution. Developed by the Lomé-based startup Gozem in partnership with NSIA Banque, the service was announced a year ago and aims to facilitate financial access for Togolese citizens while actively boosting national financial inclusion.

Gozem Money functions as a full-service e-wallet, similar to existing products such as Flooz (Moov Africa Togo) and Mix by Yas. It allows users to pay bills, shop online, transfer money and manage their finances.

The startup is counting on the growing digitalization of payments and seamless interoperability with other platforms, including bank cards and mobile money services. “Users can top up their wallets through Gozem agents or directly from their bank accounts, transfer money between operators and pay on compatible platforms,” the company said in a statement seen by Togo First.

Jean Sylvestre Nango, director of Gozem Money Togo, said the launch marks “a new step in Togo’s financial modernization.” He added, “Gozem Money shows our ambition to transform the sector and advance long-term financial inclusion.”

NSIA Banque, which partnered on the project, helped roll out the service and ensure compliance with regulations set by the Central Bank of West African States (BCEAO), the body that oversees electronic money operations across the WAEMU region.

Max-Ange Didier Djécketh, general manager of NSIA Banque Togo, said the partnership supports the bank’s mission to “ensure every Togolese has fair, secure and modern access to financial services.”

The launch follows Gozem’s acquisition of Beninese startup Moneex earlier this year, a deal that paved the way for its new regional mobile money platform.

Esaïe Edoh

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