Canada’s EZO Pitches Digital Banking Solution in Guinea

By : Samira Njoya

Date : mercredi, 19 juin 2024 15:43

In Guinea, a large portion of its population lacks access to formal banking.  To spur economic development, initiatives that improve financial inclusion are crucial.

On Tuesday, June 18, Guinea's Minister of Posts, Telecommunications, and Digital Economy, Rose Pola Pricemou (photo, center), met with a delegation from the Canadian company EZO, led by co-founder Charles-André Bergeron. The visit aimed to propose a financial solution tailored to the Guinean market, addressing the growing need for the digitalization of financial services in the country.

According to the Ministry of Digital Economy, discussions focused on the potential implementation of the EZO financial application in Guinea, the digitization of financial services, and the development of financial inclusion. Ms. Pricemou emphasized the importance of such initiatives in improving access to financial services for both rural and urban populations.

EZO's visit to Guinea is part of its international expansion strategy. The company plans to establish itself in Tunisia in the coming months and offers an automated and autonomous solution covering all financial activities. Its system comprises three main components: customer inclusion (swap system), payment, and savings. The application also allows users to receive money directly on their phones, with payment options available regardless of the currency origin.

Moreover, EZO integrates portfolio management and microcredit features, which could transform Guinea's financial landscape by offering comprehensive banking services via a digital platform.

In Guinea, the EZO delegation also met with officials from the Central Bank and other major banks to discuss solutions for providing all citizens with access to essential financial resources for their development.

Samira Njoya


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