E-Settlement, a Nigerian fintech group of companies, has acquired QuickCash, an Ivorian electronic payment and money transfer company, to expand and boost last-mile access to financial services in Francophone African countries like Côte d’Ivoire, Burkina Faso, Niger, Togo and more.
E-SL said this deal will extend its payment service footprint across the continent and grow the group’s agent banking network to 200,000 agents by the end of 2022.
“QuickCash is deepening access for agricultural-dominated areas, rural populations, the underbanked and unbanked: the disproportionately financially excluded. We are very excited to join forces with a game-changing provider that aligns with our mission and purpose and is committed to unlocking potential and prosperity among the underserved,” Olaoluwa Awojoodu, CEO at E-Settlement, said. “At E-SL, we want to empower all by accelerating access to payments, financial services, and jobs. We are confident that our expansion plan for QuickCash will support the company’s long-term growth and enhance our collective ability to deliver positive impact to many more.”
Source: techcabal
