Optasia partners with Ecobank and MTN for mobile financial services in Guinea

By Edlyn Cardoza

Optasia, one of many principal ones FinTech service providers, introduced the launch of a microloan service by way of MTN Cellular Cash (MoMo) with pan-African financial institution Ecobank in Guinea and its long-term and strategic distribution community accomplice MTN. The launch comes as a part of the latter’s banktech technique in Guinea, with greater than 4.25 million subscribers and greater than 800,000 energetic cellular pockets (MoMo) customers.

The companies shall be provided to MTN subscribers within the nation beneath the Ecobank product identify ‘Prêt Xpress’, which is powered by Optasia’s AI-led know-how platform – offering beneficial monetary options to the unbanked and underbanked whereas concurrently strengthening the partnership between Optasia, MTN Group and Ecobank in Guinea.

“Increasing our providing to the individuals of Guinea by way of beneficial companions, MTN and Ecobank, is a major step in our progress plan as an organization,” mentioned. Mark Muller, CEO of Optasia. “Such high-profile collaboration with our strategic companions reinforces our perception in driving monetary inclusion.”

This deployment is the primary MoMo mortgage service provided by MTN within the nation and kicks off a collection of deployments that Optasia will perform with MTN in Uganda, Ivory Coast, Ghana, Benin and lots of different international locations.

Guinea joins greater than 30 international locations the place Optasia operates, supporting greater than 560 million finish prospects of Cellular Community Operators and monetary establishments with our AI-driven platform.

Optasia, previously Channel VAS, is a sophisticated AI-driven platform that allows on the spot entry to monetary options for tens of millions of underbanked people and SMEs throughout greater than 30 international locations, primarily in rising markets. Optasia’s B2B2X mannequin (business-to-business-to-consumers and SMEs) creates worth for its companions, corresponding to cellular community operators, cellular cash operators, banks and fee gateways, within the type of elevated income, improved buyer expertise and improved retention. with out the necessity for added working or capital expenditure.

The corporate’s AI-driven information engine and proprietary algorithms analyze different information from cellular and different environments to ship necessary on the spot credit score selections to its companions. These capabilities allow micro-lending, airtime and information advances through cellular wallets, SIM playing cards and different digital media.