PR Newswire
16 Mar 2023, 13 GMT+10
![]() |
DUBAI, UAE, March 16, 2023 /PRNewswire/ -- Optasia, a leading Fintech services provider, proudly announces that VodaCash, a Vodacom Congo subsidiary, and Access Bank will operate its AI-led platform's capabilities to deliver their latest Micro Lending solutions in the Democratic Republic of Congo.
The Micro Lending overdraft service that Optasia enables, will be offered in DRC through VodaCash under its branding M-Pesa, together with Access Bank as the financial partner, under the commercial name "M-Pesa Rallonge", reaching approximately 6 million M-Pesa users in the country. M-Pesa Rallonge is a new service dedicated to M-Pesa users with zero or insufficient balances. Users will benefit from the service to obtain an instant overdraft and top up their balance to carry out a targeted transaction.
This offering will further enhance financial inclusion and drive economic growth, opening up access to financial services with a direct positive impact on underbanked populations, especially in remote areas of the country, leveraging the cutting-edge technology of the Optasia AI-led platform and bringing intuitive solutions to subscribers.
"Leveraging the benefits of Optasia's sophisticated AI-led platform is paramount for our partners all over the world in enhancing their offerings," stated Mark Muller, CEO of Optasia. "We are happy to enable financial access to the people in DRC through such prestigious partners as Vodacom and Access Bank."
The Democratic Republic of Congo is added to Optasia's expanding global presence of over 30 countries, most of them in developing regions where financial inclusion is important but hard to achieve. With the solutions and versatility provided by the company's proprietary AI-led platform, Optasia supports underbanked populations by providing them with previously unavailable access to financing.
About Optasia
Optasia, previously Channel VAS, is an advanced AI-led platform that enables instant access to financial solutions for millions of underbanked individuals and SMEs across over 30 countries, mainly in Emerging Markets. Optasia's B2B2X (business-to-business-to-customers and SMEs) model creates value for its partners, such as mobile network operators, mobile money operators, banks, and payment gateways, in the form of additional revenue, enhanced customer experience, and improved retention without the need for additional operating or capital expense. The company's AI-led data engine and proprietary algorithms analyze alternative data from mobile and other environments to provide relevant instant credit decisions to its partners. These capabilities enable micro-lending, airtime, and data advances via mobile wallets, SIM cards, and other digital environments.
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHAKA, Bangladesh - According to new research that ranks political violence worldwide, Bangladesh ranks 22nd out of the world's 50 ...
RAWALPINDI, Pakistan - Army Chief General Asim Munir met with members of Pakistan's Christian community on Monday, emphasizing the importance ...
DHAKA, Bangladesh - The BNP has given the government an ultimatum to release BNP Chairperson Khaleda Zia, who is being ...
ISLAMABAD, Pakistan - Caretaker Foreign Minister Jalil Abbas Jilani stated on Saturday that Pakistan's decision to establish relations with Israel ...
MANDALAY, Myanmar - According to local sources, Junta soldiers kidnapped over 60 civilians from a village in Mandalay Region's Myingyan ...
KATHMANDU, Nepal - Meteorologists announced that Nepal experienced below-average rainfall during the current monsoon, which is expected to last about ...
WASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...
BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...