Faced with growing demand for digital financial services, Togocom, a major telecommunications player in Togo, is making a strategic shift by entrusting the management of its mobile money service to a dedicated subsidiary, TMoney SA. This restructuring aims to optimise the quality and efficiency of its mobile money offerings, thereby consolidating Togocom’s position in the rapidly expanding fintech sector in West Africa.

A stronger position for accelerated growth

With the creation of TMoney SA, Togocom intends to concentrate its resources and adapt to the dynamics of the financial market and the regulations in force. This autonomous entity will have greater flexibility to innovate and meet the specific needs of Togolese consumers and businesses, thereby contributing to the increased adoption of mobile financial services. 

Towards greater financial inclusion in Togo

Mobile money services, such as money transfers, bill payments and access to credit, play an essential role in financial inclusion. TMoney SA’s mission will be to increase access to these services, particularly in rural areas and among underbanked populations, thereby helping to broaden economic inclusion.

A competitive market and opportunities for Togo’s digital sector

This initiative comes against a backdrop of strong competition, with Togocom aiming to position itself against the giants of the sector in West Africa, such as MTN and Orange, by creating a dedicated approach to mobile money. By securing its transactions and integrating innovative technologies, the company aims to support the development of Togo’s digital economy, opening up opportunities for SMEs, merchants and public services.

The Editor