About the C.ID Contest and EMIS

The C.ID contest, hosted by the Empresa Interbancária de Serviços (EMIS), is a prestigious competition to foster innovation in Angola's financial technology sector. EMIS, a leader in managing Angola's payment systems, including the MULTICAIXA network, is committed to advancing digital financial solutions in the country. Their initiatives encompass a broad range of services such as debit, prepaid, and credit card processing, as well as developing value-added products to enhance the financial ecosystem in Angola​.

CYTO's Winning Edge

CYTO secured victory in the C.ID contest by showcasing its innovative approach to bridging the financial services gap between Africa and Europe. Their digital platform addresses critical issues in international money transfers to Angola, offering a complete ecosystem that includes international and local transfers, QR code payments, savings accounts, and card issuance. CYTO’s vision of financial inclusion, backed by a strong regulatory framework and transparent pricing, impressed the judges and solidified their win​​​.

Strengthening Ties with EMIS

Winning the C.ID contest is a significant milestone for CYTO as it strengthens its relationship with EMIS, the principal payment provider in Angola. This partnership not only enhances CYTO's credibility but also integrates its services with EMIS's established infrastructure, thereby boosting its operational capacity and market reach. The collaboration underscores a shared commitment to improving financial accessibility and fostering economic development in Angola. This victory sets the stage for CYTO to play a pivotal role in the financial transformation of Angola, leveraging EMIS's robust payment networks to deliver innovative solutions.

CYTO’s triumph at the C.ID contest marks a new chapter in its journey to revolutionize financial services in Africa, demonstrating the potential of technology-driven solutions in fostering financial inclusion and economic growth.