Fintech firm Fingo partners Ecobank Kenya to launch new digital payment platform Fingo Africa App

Kenya's digital-only bank, Fingo has partnered with Ecobank Kenya to officially launch a new mobile payment platform called Fingo App in Kenya. According to officials, the new app is designed to revolutionaries financial inclusion for young people in Kenya and across Africa.

With the introduction of the Fingo Africa app into the fintech space in Kenya, users can open a fully-fledged current account in less than four minutes using their mobile phone. They can send money to fellow Fingo users for free, as well as to M-Pesa users, and pay bills via Paybills and Till numbers at subsidized rates. The app aims to empower Africa’s youth by making it easier for them to access financial services, and users get rewarded for using the app for their day-to-day transactions.

Fingo Africa app users can save money easily for set goals and creating recurring transfers to help create a frictionless savings habit. Additionally, they can easily create and send payment links with full payment details to ease receiving payments from those who owe them. The app is currently available in Kenya and will be rolled out across Ecobank’s entire 33-country sub-Saharan African footprint in the future.

The President of Kenya, HE Dr. Willaim Ruto who was a special guest of honour at the event indicated that the government is investing in the digital economy to create more opportunities for the youth, and is keen on making Kenya an ICT innovation hub to unlock the digital economy potential.

He said the government has put in place robust measures to ensure successful implementation of the digital economy.

“The digital transformation agenda is real, feasible, and anchored on a robust institutional framework,” he stated.

Speaking at the launching ceremony in Nairobi on Thursday, the Group Chief Executive Officer of Ecobank Group, Jeremy Awori said the new app is a game-changer in digital finance in Africa and is aligned with the group’s mission to drive financial inclusion across the continent.

Fingo Africa CEO and Co-Founder Kiiru Muhoya stated that the app would accelerate financial inclusion for Kenya’s youth and empower them by using their mobile phones.

Josephine Anan-Ankomah, Managing Director of Ecobank Kenya and Regional Executive for Central, Eastern and Southern Africa, emphasized the importance of providing user-friendly products to the young population, which she described as a key pillar for any business.

By: Kanto Okanta