Posted by admin, March 7, 2020

L-Pesa and MTN – Financial Inclusion through MOMO

The future is mobile. L-Pesa is a mobile money service that has years of experience offering modern money solutions to people around the globe. Through this service, lives have been elevated and financial inclusion is building societies. With L-Pesa, it is possible to get access to microloans with just a swipe. All that is needed is some basic qualifying information, and the customer is open to a world of financial growth.

To further provide this service to more people around the world, L-Pesa has made a bold move and partnered with MOMO. With the cooperation MOMO, the mobile money service from MTN, L-Pesa will be able to offer progressive finance service to millions of people in 14 more countries in Africa. In addition to being able to send, receive, save and spend money from the MOMO wallet, customers will also be able to get access to micro-loans. With these additional funds, individuals can both improve their lives and grow their business.

With L-Pesa, customers can take advantage of the credit score. This means that once a person pays back their loans on time, they will be able to gain access to more credit. Therefore, careful planning and a great transaction history for paying the loans can result in financial freedom.

The first country that will benefit from these services is Uganda, where more than 10,000,000 MTN users will be able to interact with L-Pesa directly. Within 2020 and onwards, customers can look forward to interacting with L-Pesa through the MTN network in Benin, Botswana, Cameroon, Congo, Ghana, Guinea Bissau, Guinea Conakry, Ivory Coast, Kenya, Liberia, Namibia, Nigeria, Rwanda, South Africa, South Sudan, Sudan, Swaziland, and Zambia in Africa.

L-Pesa and MTN are raising the bar on financial inclusion – opening mobile wallet capabilities to the world.

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