FOR DUBAIUAE, in 2023 January 26 /PRNewswire/ — Optasia, a leading fintech service provider, is pleased to announce the launch of a microloan service through MTN Mobile Money (MoMo) with Pan-African bank Ecobank. Guinea and its long-term and strategic distribution network partner, MTN. The launch is part of the latter banktech’s strategy Guinea with over 4.25 million subscribers and over 800,000 active Mobile Money Wallet (MoMo) users.
Services to MTN subscribers in the country will be offered under Ecobank’s product name Prêt Xpress, which is based on Optasia’s AI-led technology platform to provide valuable financial solutions to the unbanked and underbanked, while strengthening the partnership between Optasia, MTN Group and Ecobank Guinea.
“We are expanding our offer to people Guinea through our valued partners, MTN and Ecobank, is an important step in our growth plan as a company,” said Mark Muller, CEO of Optasia. “This high-level collaboration with our strategic partners reinforces our belief in promoting financial inclusion.”
This roll-out is the first MoMo loan service offered by MTN in the country and begins a series of roll-outs that Optasia will roll out with MTN. Uganda, The Ivory Coast, Enough, Benin and many other countries..
Guinea joins more than 30 countries where Optasia operates, supporting more than 560 million end-to-end mobile network operators and financial institution customers through our AI-led platform.
Optasia, formerly known as Channel VAS, is an advanced AI-powered platform that provides instant access to financial solutions to millions of underbanked individuals and SMEs in more than 30 countries, primarily in emerging markets. Optasia’s B2B2X (business-to-consumer and SME) model creates value for its partners such as mobile network operators, mobile money operators, banks and payment gateways through additional revenue, improved customer experience and better retention. the need for additional operating or capital expenditures. The company’s AI-driven data engine and proprietary algorithms analyze alternative data from mobile and other environments to make the right credit decisions for its partners. These capabilities enable micro-lending, airtime and data advancements through mobile wallets, SIM cards and other digital environments.
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