A new partnership between the International Finance Corporation and fintech company Cashi aims to improve access to digital financial services in Chad. The initiative is expected to support small businesses, reduce reliance on cash and strengthen the country’s financial ecosystem, especially in areas with limited connectivity.
The collaboration will focus on deploying Cashi’s digital payment infrastructure, which is designed to work even in low-connectivity environments. This is particularly important in Chad, where access to formal banking and mobile money services remains low. Currently, only about 10 to 15 percent of adults in the country have access to such services, compared to over 30 percent across sub-Saharan Africa.
Cashi’s platform allows users and businesses to send and receive money using mobile phones, point-of-sale devices and SMS-based tools. By connecting banks, telecom providers and other financial institutions into a single interoperable system, the platform makes it easier for people to carry out everyday transactions without relying entirely on cash.
Supporting Small Businesses and Financial Inclusion
For small businesses, the impact of this initiative could be significant. Limited access to financial services has long been a barrier to growth in Chad. By introducing affordable and accessible digital payment solutions, the partnership will help businesses reduce the risks and costs associated with handling cash.
With easier payment options, businesses can manage transactions more efficiently, improve record-keeping and access a wider range of financial services. This creates opportunities for revenue growth and can support job creation in local communities. The platform’s ability to function in low-connectivity settings also ensures that businesses in rural or underserved areas are not left behind.
Tarneem Saeed, CEO of Cashi, said the partnership will help the company adapt its technology to meet the specific needs of Central Africa. She noted that working closely with regulators and local partners will be key to building trust and ensuring that the platform delivers practical solutions for daily use.
From IFC’s perspective, the initiative reflects a broader commitment to expanding financial access in challenging markets. Olivier Buyoya, IFC Division Director for West Africa, highlighted the importance of developing solutions that do not depend on high smartphone usage. He emphasized that simple and resilient technologies are essential for increasing financial inclusion in regions like the Sahel.
Aligning with National Development Goals
The partnership also supports Chad’s long-term development strategy, known as the Tchad Connexion 2030. This plan identifies digital transformation and financial inclusion as key drivers of economic diversification and private sector growth.
By improving access to financial services, the initiative can contribute to increased revenue collection and stronger economic activity. It also aligns with IFC’s growing focus on the Sahel region, where the organization is investing in sectors such as financial services, agribusiness, digital connectivity and climate resilience.
As part of the World Bank Group, IFC plays a leading role in supporting private sector development in emerging markets. In the 2025 fiscal year alone, IFC committed a record $71.7 billion to businesses and financial institutions in developing countries, reflecting its focus on creating opportunities and reducing poverty.
Cashi, on the other hand, continues to position itself as a key player in building financial infrastructure in underserved markets. Its platform is designed to handle the challenges of unreliable networks by offering systems that can continue operating even when connectivity is inconsistent.
Overall, the partnership between IFC and Cashi represents a practical step toward improving financial access in Chad. By combining global expertise with locally adapted technology, the initiative is expected to unlock new opportunities for businesses and support broader economic growth.
