Gozem, the African Super App which operates in Togo, Benin, Gabon, and Cameroon, has finally launched Gozem Money, its new Mobile Money solution in Togo, in a move expected to broaden access to financial services.
Gozem Money, developed in partnership with NSIA Bank Togo, will later be deployed to over 1 million users who have downloaded the app since its launch in November 2018.
According to Jean Sylvestre NANGO, Managing Director of Gozem Money Togo: “We are proud to offer a solution that combines technology, simplicity, and social impact. Gozem Money reflects our ambition to transform the sector and actively contribute to sustainable financial inclusion.”
Gozem has more than 20 million rides completed across 16 cities since its launch in November 2018. The launch aims to disrupt the Togolese financial ecosystem. Gozem Money combines technological innovation, affordable pricing, and financial inclusion to benefit as many people as possible.
Gozem announced it would launch Gozem Money to expand its offerings and strengthen its ecosystem with innovative fintech products, while providing users with a seamless experience in an integrated and secure environment.
The initial launch was supposed to be in the fourth quarter of 2024, allowing Gozem customers in Togo to use the Gozem wallet for various financial transactions, including paying bills, making purchases both within and outside the Gozem ecosystem, transferring money to other users, and efficiently managing their personal finances.
In February, Gozem secured $30 million in Series B funding led by SAS Shipping Agencies Services Sàrl (a subsidiary of MSC Mediterranean Shipping Company SA) and Al Mada Ventures.
Designed to broaden access to financial services, Gozem Money stands out with a deliberately low pricing policy aimed at promoting inclusion and everyday usage.
With withdrawal fees up to five times lower than standard market rates, Gozem Money provides an affordable alternative for users seeking more value in their everyday transactions.
Beyond its economic advantages, the solution offers full interoperability with all Mobile Money operators in the country. Users can top up their wallets through Gozem agents or directly from their bank accounts, make transfers across different operators, and pay for goods and services on all compatible platforms. This flexibility also extends to merchants, who can easily accept digital payments through a simplified and secured infrastructure.
Max-Ange Didier DJECKETH, Managing Director of NSIA Bank Togo, adds:
“This partnership fully aligns with NSIA Bank Togo’s mission: to guarantee every Togolese citizen fair, secure, and modern access to financial services. With our expertise and nationwide presence, we are driving the country’s digital transformation and supporting the emergence of a more inclusive economy.”