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| Type | Private |
|---|---|
| Industry | Fintech |
| Founded | 2011 (2011) |
| Founder | Ashraf Zaki |
| Headquarters | Toronto, Ontario, Canada, |
Area served | Africa, international markets |
| Products | Digital banking, mobile wallet, payment systems, agency banking |
Number of employees | 120–200 |
| Parent | CIT Global |
| Website | citvericash.com |
CIT VERICASH is a fintech platform and division of CIT Global, a technology services group founded in Toronto, Canada in 1993.[1] It provides a configurable digital financial services platform for banks, mobile network operators, financial institutions, and fintech companies. The platform is used in emerging markets, primarily in Africa.[2]
History
[edit]In 2011, CIT Global established the CIT VERICASH division to develop and deploy digital financial services infrastructure for institutional clients.[3] Between 2014 and 2015, the VERICASH platform was launched with its first banking partners.[4]
In 2024 and 2025, CIT VERICASH received industry awards from the Africa FinTech Forum and Finnovex West Africa.[5][6][7]
As of 2026, the platform operated in more than 25 African markets.[8]
Geographic presence
[edit]CIT VERICASH focuses on financial inclusion and digital transformation in emerging markets, with deployments primarily across African markets.[9]
Regional operational offices are located in Lagos (Nigeria) and Nairobi (Kenya), with an Africa Centre of Excellence headquartered in the Nasr City Free Zone in Cairo (Egypt).[10] The company also supports cross-border financial service corridors.[11]
Partnerships
[edit]CIT VERICASH has worked with CWG Plc on the deployment and management of digital banking platforms in multiple African markets.[12][13] The platform has also been deployed in collaboration with Bluechip Technologies, a regional systems integrator, to support digital banking, mobile wallet, and payment services in East Africa.[14]
See also
[edit]References
[edit]- ^ "Bluechip Technologies and CIT Vericash forge strategic alliance". Bluechip Tech Business News. 6 April 2024. Retrieved 8 June 2026.
- ^ "Digital partnership: UBA rewards customers with Vericash". ThisDay Live. 16 July 2025. Retrieved 8 June 2026.
- ^ "CIT Global organisational chart". The Org. Retrieved 8 June 2026.
- ^ "CWG 2.0 business model begins yielding fruit". Nigeria CommunicationsWeek. 29 June 2015. Retrieved 8 June 2026.
- ^ "GFM Review announces winners of industry awards". GFM Review. Retrieved 8 June 2026.
- ^ "Africa FinTech Forum awards – Nairobi 2025". Africa FinTech Forum. 21 May 2026. Retrieved 8 June 2026.
- ^ "Africa FinTech Forum awards – Lagos 2025". Africa FinTech Forum. 21 May 2026. Retrieved 8 June 2026.
- ^ "Three industry awards recognize the strategic impact of the Vericash fintech platform". Nairametrics. May 2026. Retrieved 8 June 2026.
- ^ "UBA Vericash championing Africa's digital banking revolution". ThisDay Live. 29 September 2025. Retrieved 8 June 2026.
- ^ "Africa fintech operations report". AllAfrica. Retrieved 8 June 2026.
- ^ "A decade of digital banking excellence". The High Street Journal. 24 December 2025. Retrieved 8 June 2026.
- ^ "CWG mobile financial services hub goes live". The Guardian Nigeria. 4 February 2016. Retrieved 8 June 2026.
- ^ "CWG partners Vericash to launch mobile financial services platform". Technology Times Nigeria. 18 April 2016. Retrieved 8 June 2026.
- ^ "Bluechip Technologies appointment report". Hakuna Matata Media. 13 August 2024. Retrieved 8 June 2026.
External links
[edit]- Official website
- CIT Global — parent company website