Thursday
May 30
2019

MTN, Barclays to Broaden Financial Inclusion in Zambia

MTN Zambia, Barclays Zambia and JUMO have announced the commercial launch of KASAKA – a unique, short term mobile saving product.

This interest-bearing savings account is available to all MTN Mobile Money users through Barclays Zambia. KASAKA, the next step in widening access to financial services for underserved people in Zambia, has been built and run on JUMO’s operating platform. Over 10 000 Zambians have saved more than ZKW 1 600 000 since March 2019.

Photo courtesy of ICT4D.at.

Source: IT News Africa (link opens in a new window)

Categories
Finance
Tags
emerging markets, financial access, financial inclusion, financial innovation, financial services, microsavings, mobile money