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Optasia enables micro lending in Liberia with MTN & UBA

By Delisha Fernandes

April 17, 2024

  • Credit Inclusion
  • Financial Inclusion
  • fintech MENA
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OptasiaOptasia, a global FinTech services provider, has announced that its proprietary AI-led platform will be utilized in Liberia to enable the offering of “XtraCash”, a digital micro-lending solution that will be provided to the country’s population through Lonestar Cell MTN Mobile Money Inc, and United Bank for Africa PLC (UBA).

The Micro Lending solution “XtraCash” enabled by Optasia is offered in Liberia through Lonestar Cell MTN’s mobile network, with UBA being the financial partner. It will allow approximately 1.6m mobile wallet holders in the country to benefit from micro-lending solutions powered by Optsia’s robust AI platform. This deployment is part of the overall agreement between Optasia and UBA to collaborate in bringing financial and credit inclusion to 15 countries across the African continent.

“The expansion of our AI-led platform in new territories like Liberia is a strong statement of Optasia’s leading position in the global micro-lending business, with emphasis given on emerging markets,” stated Mark Muller, Group CEO of Optasia. “Collaborating with major distribution and financial institutions like Lonestar Cell MTN Mobile Money Inc and UBA, respectively, further attests to this leading position.”

Optasia’s platform excels in providing versatility and robustness to its partners and their end customers, enabling and expanding financial inclusion to local populations. Optasia has now expanded to over 35 countries, mostly in developing regions, reaching out to over 860 million accessible subscribers and having over 114 million customers a month benefitting from its leading  AI-led platform.

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