DUBAIWATER, January 25, 2023 /PRNewswire/ — Optasia, a leading fintech service provider, is pleased to announce the launch of a microcredit service via MTN Mobile Money (MoMo), with pan-African bank Ecobank in Guinea and its long-time strategic distribution network partner, MTN. The launch is part of the banktech strategy of the latter in Guinea with over 4.25 million subscribers and over 800,000 active mobile money (MoMo) wallet users.

The services will be offered to MTN subscribers in the country under the Ecobank product name “Loan Xpress”, which is powered by Optasia’s AI-powered technology platform – providing valuable financial solutions to the unbanked and underbanked, while strengthening the partnership between Optasia, MTN Group and Ecobank by Guinea.

“Extend our offer to the inhabitants of Guinea through valued partners, MTN and Ecobank, is an important step in our plan to grow as a business,โ€ said Marc Muller, CEO of Optasia. “Such high-level collaboration with our strategic partners reinforces our belief in driving financial inclusion.”

This rollout is the first MoMo lending service offered by MTN in the country and kicks off a series of rollouts that Optasia will roll out with MTN in Uganda, Ivory Coast, Ghana, Benign and many other countries.

Guinea joins over 30 countries where Optasia operates, supporting over 560 million mobile network operator and financial institution end customers through our AI-driven platform.

About Optasia

Optasia, formerly Channel VAS, is an advanced AI-driven platform that enables instant access to financial solutions for millions of underbanked individuals and SMBs in over 30 countries, primarily in emerging markets. Optasia’s B2B2X (business-to-business-to-consumer and SME) model creates value for its partners, such as mobile network operators, mobile money operators, banks and payment gateways, in the form of additional revenue, better customer experience and improved retention without the need for additional operating or capital expenditures. The company’s AI-based 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-loans, airtime, and data advancements through mobile wallets, SIM cards, and other digital environments.

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SOURCE Optasia

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