Ecobank Group says its Pan-African Banking Sandbox is live allowing partners and fintechs across 33 African countries to gain access to its Application Programming Interface (API) to develop innovative financial solutions.
This follows a successful pilot run with select Fintechs in early 2020.
The Sandbox will position the annual Ecobank Fintech Challenge beyond a competition to a Developer Platform and Marketplace of fintech solutions.
The Group Executive, Technology and Operations – Mr. Eddy Ogbogu stresses that “As the Pan-African bank, Ecobank is committed to the growth of the Pan-African Fintech Ecosystem. This Sandbox is designed to facilitate this objective. Innovative Fintechs, start-ups, product developers and technology partners are invited to leverage the platform to actualise their pan-African dreams.”
Group Senior Fintech Advisor – Djiba Diallo noted that “The pilot indeed helped both Ecobank and Fintechs get the best out of the Sandbox. We are excited about the new opportunities it brings to the ecosystem and customers.”
Omosalewa “O” Adeyemi, Global Head of Expansion & Partnerships at Flutterwave said: “This is an innovative platform where we were able to carry out mobile money, card payment transactions conveniently. The platform also provided APIs that allow a merchant identify itself for future merchant terminal creation as well as generate unique merchant and dynamic QR payment codes Merchants in any case are also able to generate their account statement for holistic account overview. We look forward to incorporating these services on our payment platform.”
Kenya, Mauritius and Sierra Leone have their own regulatory sandbox.
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Source: APO Group on behalf of Ecobank.
