06 August 2024

Moov Africa Togo and EcobankTogo have announced the launch of ‘Move Money GAB,’ a new financial service that allows subscribers to Flooz, Moov’s mobile money service, to withdraw cash directly from Ecobank’s automated teller machines (ATMs), without using a bank card.

“This partnership between Moov Africa and Ecobank-Togo allows all Togolese to withdraw money, whether they are Moov customers or Flooz users,” said El Bedraoui Younes, managing director of Moov Africa.

“With this solution, our customers no longer need to go to Ecobank branches or Xpress points. They can now make their withdrawals directly at Ecobank counters, which facilitates access to financial services for a large part of the population,” said Souleymane Touré, CEO of Ecobank Togo.

In the competitive landscape of Togolese mobile money, this partnership opens new avenues for both entities.

Move Money GAB intends to meet the growing demand for digital financial services in a market where the mobile money penetration rate, estimated at 42.4% by Arcep in the first quarter of 2024, reveals significant growth potential for operators.