BGFIBank Showcases Innovative Banking Solutions at SEF2024 in DRC

BGFIBank, a leading financial institution in Central Africa, presented its innovative banking solution RAKKACash at the 5th edition of the Salon des Entrepreneurs Forum (SEF) 2024 held in Kinshasa, Democratic Republic of Congo. The RAKKACash booth was a central point of interactive sessions, where BGFIBank's team effectively communicated the user-friendly features of the platform, such as savings, mobile banking, and card access.

RAKKACash, the first neobank in the DRC, offers users the ability to access online banking services such as opening a savings account, recharging a prepaid Visa card, and making mobile money transfers, all from a smartphone. The bank highlighted the collaborative vision between RAKKACash and fintech players, emphasizing a beneficial synergy for sustainable development.

Since its inception, RAKKACash has been instrumental in driving the digital transformation of the financial landscape in the DRC, adapting its offerings to local needs and facilitating access to essential financial services for Congolese citizens. The platform has emerged as a catalyst for financial inclusion in the country by eliminating traditional barriers associated with bank branches.

Why this matters: The enthusiastic response and active participation of visitors at the RAKKACash stand demonstrated the product's appeal and the growing interest in fintech solutions in Central Africa. Initiatives like RAKKACash are well-positioned to play a critical role in reshaping the financial sector and advancing more inclusive finance in the region.

BGFIBank emphasized the importance of collaboration between RAKKACash and fintechs, highlighting the synergy needed for sustainable development and financial inclusion. "RAKKACash aims to drive financial inclusion in the DRC by providing a range of financial services, including savings, accounts, and access to bank cards, directly through mobile phones," noted a BGFIBank representative. The upcoming edition of RAKKACash promises innovative features and surprises for users, showcasing the bank's commitment to innovation and financial inclusion in the DRC.

Key Takeaways

• BGFIBank launched RAKKACash, the first neobank in the DRC, at the SEF 2024 forum.
• RAKKACash offers online banking services like savings accounts, prepaid cards, and mobile money transfers.
• RAKKACash aims to drive financial inclusion by eliminating traditional banking barriers in the DRC.
• BGFIBank emphasized the collaborative vision between RAKKACash and fintechs for sustainable development.
• The enthusiastic response at the event showcased the growing interest in fintech solutions in Central Africa.