EMTECH Releases Web-3 Enabled CBDC Innovation Kit for Fintechs

Emma Okonji

EMTECH, a software company and first-of-its-kind Modern Central Banking Infrastructure provider, has released its Central Bank Digital Currency (CBDC) Innovation Kit for fintechs and financial service providers looking to test new fintech solutions and business models with the Central Bank Digital Currency.

Speaking about the Innovation Kit, EMTECH Founder and CEO, Carmelle Cadet, said: “We are extremely proud to officially announce this flagship CBDC offering for fintechs. Our point of view has been consistent: enabling central banks to safely deploy their CBDC as a digital cash infrastructure, not just a software application can drive inclusion, interoperability and resilience by embracing the growing fintech ecosystems. From payments, savings to lending and investments, from rideshares to remittances. Imagine if the $10 trillion or more of paper cash floating in the world was issued digitally, used and accounted securely, in real time and seamlessly. Imagine what fintech apps could do for cash users.” 

Executive Director, Africa at EMTECH, Tunji Odumuboni, said: “This is a first for EMTECH, and with a beta launch earlier this year, we saw the interest from fintechs who signed up for our Innovation Kit. Even without a live CBDC deployed, there is a lot of capacity to build on fintech side as well. We are eager to help explore new possibilities with CBDCs coming down the pipe. Those who get ahead of the curve have much to gain.”