Almost every bank in Togo offers digital services

Tuesday, 20 July 2021 16:47
Almost every bank in Togo offers digital services

(Togo First) - Out of the 13 banks present in Togo, 12 offer digital services. This was disclosed by the minister of economy and finance, Sani Yaya.

The services mentioned - financial and non-financial - help inform, support, and council customers in managing and controlling their transactions. 

According to Sani Yaya, two lenders launched Whatsapp-based mobile banking, enabling their customers to “conduct transactions on their bank account 24/7.”

Lauding the move, the official noted that “digitalization in most sectors is one of the top priorities of the government’s five-year roadmap.”

In January 2021, Mazamesso Assih, Togolese minister of financial inclusion, said the country plans to create a digital bank; not only to digitize financial services, but to have a fully digital bank that will support the economy and enable us to cover the whole country because there are digital fractures despite progress made in terms of financial inclusion. The statement was made during a virtual conference organized by the government of Benin. It focused on social response to the spread of Covid-19 in Africa. 

Esaïe Edoh

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