Fatshimetrie S.A, a fast-growing Congolese technology company, recently announced a strategic partnership with the International Finance Corporation (IFC), an entity of the World Bank Group, to strengthen interactions with the mobile financial services industry. This collaboration, unveiled at a press conference on October 8, 2024, aims to promote favorable regulation for the expansion of electronic money and reduce over-the-counter (OTC) transactions in the Congolese market.
The decision of this strategic partnership between Fatshimetrie and IFC demonstrates the commitment of both entities to innovate in the mobile financial services sector in the Democratic Republic of Congo. As the financial technology sector experiences significant growth in the country, this alliance aims to meet the evolving needs of consumers and encourage the adoption of digital payment solutions.
The main objective of this partnership is to promote access to financial services for a wider segment of the Congolese population, with an emphasis on the simplicity and security of transactions. By leveraging IFC’s expertise in the financial sector and the cutting-edge technology developed by Fatshimetrie, the two companies intend to revolutionize the financial landscape by offering innovative solutions that are accessible to all.
Furthermore, this strategic partnership also aims to promote the formalization of monetary exchanges by encouraging the use of electronic money, which will help reduce informal transactions and strengthen financial inclusion in the country. By promoting the transition to electronic means of payment, Fatshimetrie and IFC are contributing to the modernization of the Congolese financial system and the promotion of a more transparent and efficient economy.
In conclusion, the partnership between Fatshimetrie and IFC marks a new step in the development of mobile financial services in the Democratic Republic of Congo. This promising alliance paves the way for major innovations in the financial sector and strengthens the commitment of both entities to financial inclusion and economic growth in the country.