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OPTASIA ENABLES MICRO LENDING IN LIBERIA WITH MTN AND UNITED BANK FOR AFRICA
17 April 2024Dubai, 17 April 2024 – Optasia, a global Fintech services provider, announces 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 enable approximately 1.6m mobile wallet holders in the country to benefit from cutting edge 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 in 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.
