TECNO introduces TECNO Wallet to provide digital financial support first to its CAMON series users

It was recently revealed that the global launch event for TECNO CAMON 19 series will be held at the iconic Rockefeller Center in New York. The TECNO brand (www.TECNO-Mobile.com) of smartphones enjoys a leading market share on the African continent, and this development demonstrates its expansion towards a global audience and new premium segments.

TECNO announces several big product breakthroughs on its upcoming CAMON 19 series. revealed that it was among the first to make Android 13 beta available on its latest CAMON. 19 Pro 5G.

The new series of devices will feature original technology such as an RGBW + glass camera sensor, which was co-developed with Samsung, as well as a state-of-the-art dual-ring triple camera layout.

TECNO also unveiled its entry, through strategic partnerships with third-party financial institutions, into the industry with the launch of TECNO Wallet, a payment wallet and financial application designed for its devices and integrated into the CAMON 19 series of phones.

TECNO Wallet will allow users to make easy and secure payments for a range of services, including money transfers, airtime, data, bills and purchases.

Its goal is to create a digital and financial hub and a lifestyle platform that brings together products, services and merchants from across the market, enabling TECNO users to transact, access credit and enjoy exclusive rewards and promotions as soon as they unbox their smartphone.

TECNO Wallet will be available for download on select existing device series and will be pre-installed on new TECNO smartphones, including the upcoming CAMON 19 series which will be unveiled in June 2022. The wallet was launched in Nigeria in May and rolling in Kenya in mid-June. Future launches will include Ghana, Tanzania, Uganda, Code d’Ivoire and Senegal in the second half of 2022.

According to a 2022 global study conducted by VISA (https://vi.sa/3mwhufy), more than 40% of consumers have already adopted cashless transactions or will only use digital payments within the next two years. Additionally, 59% of small business owners said they plan to exclusively accept digital payments within the same time frame.

“As consumers around the world shift from cash transactions to digital payments, TECNO Wallet will be a trusted tool that enables every TECNO user to enjoy ultimate convenience and make payments easy, fast and reliable.” said Danni Xu, Tecno’s global CMO.

Tecno Wallet Key Features

  • A smarter way to pay – TECNO Wallet enables every TECNO smartphone user to pay for anything, anywhere conveniently and securely. The wallet introduces a new integrated digital payment experience that makes the process of paying for data, airtime, bills and purchases fast and reliable.
  • Digital finance re-invent TECNO Wallet is the easiest way to go cashless. Consumers can use the Wallet to handle their everyday transactions such as paying for airtime and groceries at the tap of a button, as well as access innovative financial services, all on one super-app.
  • All your money in one place – The wallet helps consumers manage their finances in one place by connecting their existing cards and bank accounts to the app. Main card systems and compatible financial institutions on the continent.
  • Instant credit – TECNO Wallet incorporates a revolutionary digital instant credit service that enables its users to access a line of credit in seconds and enjoy an interest-free period of up to 16 days powered by licensed financial institutions. Traditional requirements such as paperwork, guarantors or fees are avoided in favor of a data science-based approach that will allow customers to quickly access credit and increase their limit based on their payment behavior .

In the near future, TECNO Wallet will also offer cashback and promotional rewards, as well as discounts and offers with participating merchants and retailers.

Distributed by APO Group on behalf of TECNO Mobile.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

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