CIT Vericash

bankingtech

FOUNDING YEAR:
LOCATION: Egypt
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

CIT VERiCASH provides collaborative mobile payment business model with unprecedented features – to effectively serve both banked and unbanked communities across various markets.

Focus

PRODUCTS & SERVICES

CIT VERiCASH is the mobile money payment division of CIT Global, an international provider of eCommerce /mCommerce software solutions and services. CIT VERiCASH offers a platform for development of collaborative business models: Multi-Wallet Programs (provides interoperable multi -wallet propositions integrating with existing 3rd party wallets), Value Added Services (access to Value Added Services from unlimited stakeholders on any wallet program, with full flexibility to manage cross business rules), Agency Management (comprehensive management system, enabling Agency business models across various wallet programs and service providers; extending to full Agency Banking), and Wide Connectivity (configurable software to integrate with various payment networks and 3rd party systems).

MAIN CLIENTS

24 Nigerian banks and 15 mobile money operators

170 banks and retailers across Africa and Middle East

and more.

PRIMARY PROBLEM SOLVED

The platform allows to bring together and orchestrate multiple wallet programs for one brand, white labeled or cobranded with one or more players in market. Making all issued programs interoperable, it allows businesses to drive value from open loop collaborative ecosystem, and, as a result, to boost financial return from a network effect.

People

FOUNDERS

Ashraf Zaki

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

YES

LISTED

NO

Innovation Programs

BASICS

Views:

187 VISITORS | 301 VIEWS
TOTAL EMPLOYEES
11-50

About

CIT VERiCASH provides collaborative mobile payment business model with unprecedented features – to effectively serve both banked and unbanked communities across various markets.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack