Petroleum Africa
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Tuesday, August 1, 2017
Total and Worldline have signed binding technological, commercial and financing agreements with African Fintech InTouch.Under the agreements, Total and Worldline will support the deployment of the Guichet Unique solution in eight African countries; those African countries are Burkina Faso, Cameroon, Côte d’Ivoire, Kenya, Mali, Morocco, Guinea, and Senegal.
Guichet Unique provides retail networks with a unique customer-friendly device that makes it possible to securely and seamlessly accept all means of payment, including mobile money, payments through private label cards and cash, and to distribute third party services, such as subscriptions to media content, bill payment, money transfer, card top-up, banking and insurance.
According to the agreement, Total and Worldline will fund the first phase of deployment of the Guichet Unique solution in the eight countries and become shareholders in InTouch, alongside its founder, Omar Cissé. Total will deploy the Guichet Unique solution in its service station network in these eight countries, with possible further deployment in an additional 30 African and Middle Eastern countries.
Closing of the transaction is subject to the approval of the competent anti-trust authorities.
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