CIT VERICASH Recognized as “Best Financial Services Platform Africa 2025” by Global Financial Market Review

CIT VERICASH has been named Best Financial Services Platform Africa 2025 by Global Financial Market Review (GFM), one of the financial industry’s most respected and widely read publications. The recognition, announced as part of GFM’s awards for the first week of December 2025, places CIT VERICASH among a global cohort of innovators reshaping the future of finance.

CIT VERICASH operates as the fintech enablement division of CIT Global, a Toronto-based software company founded in 1993 with more than 30 years of experience delivering digital commerce and financial technology solutions worldwide. Backed by CIT Global’s global delivery footprint and deep engineering heritage, VERICASH supports banks and financial institutions across approximately 25 markets in Africa and the Middle East.

For an organization dedicated to accelerating digital transformation and expanding financial inclusion across the African continent, this award reflects not only product excellence but also the strategic vision, execution discipline, and long-term partnerships that define VERICASH’s approach.

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A Recognition Rooted in Impact, Scale, and Innovation

GFM Review reaches more than 14 million readers annually and evaluates award winners against a rigorous set of criteria, including transparency, governance, innovation, fintech leadership, transaction capability, and customer experience. To be selected as Best Financial Services Platform Africa 2025 is a testament to CIT VERICASH’s sustained contribution to advancing digital banking and financial services across more than 20 African markets.

It is also an acknowledgement of the company’s unwavering commitment to building infrastructure that enables banks and financial institutions not only to modernize, but to thrive in a rapidly evolving digital economy.

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The CIT VERICASH Fintech Enablement Platform: A New Foundation for Financial Services

At the core of this recognition is the CIT VERICASH Fintech Enablement Platform, a cloud-native, modular ecosystem that allows banks, mobile money operators, MFIs, and fintechs to launch, scale, and continuously evolve their digital services.

The platform has become a central enabler of digital financial ecosystems across the region. Its architecture supports digital banking, mobile wallets, agency banking, lending, and payments across mobile apps, web, USSD channels, and agent networks. This multi-channel flexibility allows institutions to meet customers where they are, urban centers, rural communities, or across informal financial networks, making it a catalyst for inclusion.

What sets CIT VERICASH apart is not only its breadth of functionality but its philosophy of enablement. Institutions use no-code and low-code tools to design, deploy, and iterate digital products at unprecedented speed. Built-in capabilities for KYC, AML, fraud detection, and regulatory reporting eliminate the operational complexity that traditionally slows innovation in emerging markets. And with open APIs, banks can seamlessly integrate with core systems, third-party services, and regional payment infrastructures.

In a landscape where agility is becoming a defining competitive advantage, CIT VERICASH provides the foundational technology, and the operational intelligence, financial institutions need to accelerate digital transformation sustainably.

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Partnership-Driven Transformation

CIT VERICASH’s recognition also reflects the company’s belief in long-term, strategic partnerships. Over the years, the organization has evolved from a software provider into a trusted transformation partner, working hand-in-hand with institutions to build the capabilities required to compete in a digital-first world.

Rather than functioning as a vendor, VERICASH serves as an embedded technology ally, enabling institutions to expand services, enter new markets, and continuously innovate with confidence.

This partnership model, supported by Centres of Excellence, co-innovation frameworks, and ongoing operational collaboration, has become a key differentiator. It has also been recognized by multiple industry bodies, including FINNOVEX, the Africa FinTech Forum, and now GFM Review.

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Recognition That Reflects a Broader Movement

Winning the Best Financial Services Platform Africa 2025 award places CIT VERICASH alongside global leaders transforming payments, crypto infrastructure, security, and investment technology. It is a powerful affirmation that Africa’s fintech landscape is not only advancing rapidly but increasingly setting global benchmarks for innovation, scale, and customer-centric design.

As the region continues to embrace mobile-first services, open finance, and AI-driven ecosystems, the institutions that will lead are those that combine strong technology foundations with strategic partnership models that cultivate long-term capability. CIT VERICASH has positioned itself at the center of this evolution.

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A Future Defined by Enablement

For CIT VERICASH, this award is both a milestone and a momentum-builder. It reinforces the company’s mission to enable financial institutions to innovate with speed, design products with flexibility, operate with resilience, and scale with confidence. It validates the belief that sustainable transformation requires more than software,it requires an ecosystem, a strategy, and a partner committed to the institution’s growth.

As Africa enters a new era of digital finance, CIT VERICASH remains dedicated to shaping that future. The award from GFM Review is a recognition of the work already done, and a powerful signal of the impact yet to come.