INTELLIGENT BANKING & FINANCE
Bank Societe Generale
invests in Fintech vendor
TagPay
Societe Generale Group has acquired
a stake in TagPay, a French FinTech
specialised in mobile digital banking.
TagPay is currently being rolled out
in several African subsidiaries: a
mobile recovery solution implemented
by Manko in Senegal, merchant
payments in Ivory Coast tested at
Shell service stations, as well as mobile
banking projects in several countries in
Sub-Saharan Africa.
TagPay is a Core Banking System
built around the mobile phone, from
basic feature phones to smartphones.
The TagPay solution has several
competitive advantages in terms of
speed of deployment as well as a
rich catalogue of financial functions
and services. It enables banks to
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INTELLIGENTCIO
reach unbanked populations while
capitalising on the growing digital
banking market.
The TagPay solution has a unique
position in the digital banking market
as it is one of the only FinTechs to
cater to basic mobile phones, which
are still widely used in emerging
countries.
• Easy to rollout as it is hosted in the
cloud
• Flexible, with quick adaptation of
the product to customer requests
• Scalable, as in capable of taking
into account, and adapting to, new
market needs
• User-friendly, with a fast transaction
capacity and a simple customer
experience
Features:
• Equipped with mobile payment and
strong authentication technology,
capitalising on the universality of
sound NSDT
• Interoperable and can be used with
all wallets
• Independent from telecom
operators
For the Societe Generale Group, the
objective of this investment is to
develop mobile digital banking in
Africa and to support the development
of TagPay on the digital banking
market. PricewaterhouseCoopers and
the Wilegal law firm provided their
expertise and dynamism to ensure this
operation’s success.
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