‘Purpose-driven loans’ centred around inclusion, education, skill development and gender are the main products being developed for African markets. The collaborative partnership leverages the expertise and global best-practices from the financial services industry with the disruption and nimbleness of a fintech to address the need for responsible consumer finance in Africa.
Airtel Tanzania, in partnership with I&M Bank Tanzania, has launched an overdraft mobile money service that will enable customers to complete their transactions seamlessly without sufficient funds in their Airtel Money wallets, subject to terms and conditions. Dubbed Kamilisha, the overdraft service will be facilitated by I&M Bank Tanzania who reassures customers that their transactions won’t be denied…
Yabx, a fintech venture in digital lending, has announced its entry into Mexico as part of its expansion strategy in the Latin America region. The company also announced the appointment of Javier Chavez-Ruiz as Business Sales Associate for the region. Incubated by Comviva Technologies, Yabx is a part of the $21 billion Mahindra Group. It aims to…