**IFC and Cashi Collaborate to Boost Digital Financial Services in Central Africa**
Key Takeaways:
- The International Finance Corporation (IFC) and Cashi announces a partnership to expand digital payment services in central Africa.
- Cashi, a fintech company, brings a digital payment platform that interfaces users with banks, telecoms, and other financial institutions.
- The partnership supports the Chad government’s Tchad Connexion 2030 development agenda, fostering digitalization and financial inclusion for economic diversity.
N’Djamena, Chad — The International Finance Corporation (IFC) partners with fintech firm Cashi to drive the expansion of digital payment services into central Africa, with a particular focus on Chad, which is currently underserved with formal financial services.
Groundbreaking Partnership to Boost Financial Inclusion
IFC, owned by 186 member countries and the world’s largest global development institution focusing on the private sector in developing countries, announced its partnership with Cashi on March 24, 2026. The partnership aims to bring unified, comprehensive digital payment infrastructure to central Africa. Notably, Cashi’s platform allows users and businesses to transact money via mobile phones, point-of-sale devices, and SMS-based tools, connecting them with banks, telecoms, and other financial institutions.
Paving the Way for Increasing Financial Accessibility
Chad and many central African countries face an environment where cash remains dominant, and access to formal financial services is limited. As of now, only around 10–15% of adults in Chad have a bank or mobile money account, considerably behind the 30% average across the sub-Saharan Africa region. Cashi’s platform aims to ease these challenges by reducing the constraints of cash handling, lowering transaction costs, and enhancing financial service accessibility, thereby helping businesses grow revenues and bolster job creation.
Implications for Digital Financial Services in Africa
This collaboration opens up new pathways for digital financial services in Africa, particularly in regions where financial technology penetration is still low. It aligns with the Chadian government’s Tchad Connexion 2030 development agenda, which identifies digitalization and financial inclusion as key drivers of economic diversification and private sector development. Moreover, it underscores IFC’s commitment to supporting innovative resilience solutions that boost broader access to finance. The partnership is envisaged to foster significant development within the Sahel region and beyond.
Frequently Asked Questions
Q: Why is IFC-Cashi partnership trending?
A: The IFC-Cashi partnership is trending as it signals a major advancement in boosting digital financial services in central Africa, particularly in areas with limited formal financial service access.
Q: What happens next?
A: The next phase would observe the roll-out of the digital payment services, fostering broader economic diversification and private sector development within central Africa.
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