Supporting Africa … Supporting its talents…
Africa sparks the curiosity, desire and passion of those who come in contact with it. After more than 100 years operating on the continent, Societe Generale is still discovering its many riches and supporting its development. No development or progress is possible, however, without the people who bring it about through their commitment and determination to move forward.
TagPay in Africa
The Societe Generale Group acquired a €1 million stake in the capital of French fintech company TagPay, a specialist in digital mobile banking. TagPay is currently being rolled out to several of the Group's subsidiaries in Africa: implementation of a mobile recovery solution for Manko in Senegal, testing of a merchant payment solution at Shell service stations in the Ivory Coast, a mobile banking project involving several Sub-Saharan African countries. It comprises a core banking system built around mobile solutions and adapted for both standard mobile handsets and smartphones. Tagpay offers numerous competitive advantages thanks to its rapid roll-out capacity and extensive catalogue of functions and financial services. It enables access to populations that are not yet availing of banking services and at the same time to the advantages of the growing digital banking market.
Solutions to meet our customers’ requirements
Societe Generale employs specialists tasked with making all the experience and services of an international group available to its customers. The Group brings its expertise and its understanding of the local industrial fabric and business environment, the regulatory and fiscal framework and the procedures and formalities that need to be completed.
M. LUO QIANG,
ZTE VICE PRESIDENT
"Societe Generale has a very extensive network in French-speaking Africa and has demonstrated great expertise and good know-how in the setting up of our Regional Cash Management project."
M. MOHAMED HORANI,
CHAIRMAN AND HPS FOUNDER
"Societe Generale believed in our project and did not require any other guarantee. Societe Generale has continued to support us and has adapted its offer to our needs by keeping an eye on our development."
Starting a business in Africa
Societe Generale taps into its many areas of expertise to support entrepreneurs as they start and grow their business in Africa (knowledge of the local manufacturing and commercial landscape, regulatory and tax environment, formalities, financing solutions, etc.). Entrepreneurs have a vision and it's our job to share that vision.