Finance

Flash Money, the Visa card, a new tool for the financial inclusion of the Congolese population

Flash Money, the Visa card, a new tool for the financial inclusion of the Congolese population
Friday, 10 April 2020 18:23

(CFC) - Sub-Saharan Africa, a large part of the continent, shows a low level of financial inclusion, in particular, only 6% of the population in the Democratic Republic of Congo use banking services. However, in this era of globalization, with the advent of e-commerce, mainly paid remotely, some financial institutions provide innovative solutions in order to integrate as many people as possible into the financial circuit. One of the new instruments used to facilitate this financial inclusion is the FLASH MONEY/VISA prepaid card.

Flash is one of the first financial companies in Congo to launch on the market its own Visa card “FLASH MONEY”. Unlike other bank cards, the prepaid card FLASH MONEY becomes a real tool for financial inclusion of people with both high and low incomes, as it does not require a preliminary bank account, but only works with a direct deposit to the card.

In addition to financial accessibility, being an international Visa card, FLASH MONEY is an effective, safe and simple tool that offers a payment solution through various channels (online payments, etc.), it can be used in all ATMs in the world and in DRC, accepting Visa cards. Besides, the holder of the FLASH MONEY card can transfer money directly from one to another card.

Flash International enabled an additional option in FlashApp mobile application that allows to manage the FLASH MONEY card from the mobile application.

Flash International operates at 160 CFC agencies and nearly 4,000 Flash Agents, today the largest financial network in the region and covering the DR Congo and the Republic of Congo, which allows the Flash Money card holders to recharge their cards even in the most remote areas.

About Flash International

Flash International is a company working in FinTech, it offers financial services and value-added products in the African continent through its innovative digital distribution application. Its FlashApp mobile application is available on Google Play and soon on the Apple App Store. www.flash.one

About CFC (Compagnie Financière du Congo)

CFC in collaboration with Flash International, and thanks to the digital distribution platform from Flash, provides money transfer, electronic money, payments on bank account, Visa cards, phone recharges, internet packages, television subscriptions, tax payments, as well as other value-added services. Today it executes more than a million transactions per month through more than 4,000 points of sale.

cfc logo

On the same topic
EBRD confers beneficiary status to Benin, Côte d’Ivoire, and Nigeria under its regional expansion These countries gain access to EBRD financing,...
IFC plans a $25 million senior loan to strengthen BOA Congo’s SME lending At least 10% of the funding will go to women-led...
InterSAT is in talks with Eutelsat to add LEO satellite capability to its network The plan would start in East Africa but no deal has been signed...
Duval and Côte d’Ivoire’s CNPS signed two real estate agreements worth CFA100 billion The projects, Village Notre Père and Riviera Park, aim to create...
Most Read
01

KoBold Metals, the U.S.-based mining company backed by heavyweight investors including Bill Gates an...

KoBold Metals Steps Up to Secure Manono Lithium Deposit in DR Congo
02

The Economic Community of West African States (ECOWAS) parliamentarians met in Lomé from May 6 to 9,...

ECOWAS Parliament Calls for Airfare Tax Cuts to Make Flying Affordable
03

This initiative reflects ECOWAS’s commitment to a results-driven, people-centred digital transformat...

ECOWAS, World Bank Launch Regional Workshop to Advance Digital Integration
04

• Nigeria may reintroduce a 5% tax on data and voice services under 2024 Finance Bill• Operators war...

Nigeria’s Telecom Operators Concerned Over Possible 5% Tax Return
05

Africa’s digital economy is growing rapidly, and the demand for data storage, processing power, and ...

Safaricom and iXAfrica Launch East Africa’s AI-Ready Data Centre Services
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.