MTN Mobile Money Zambia and JUMO Empower Zambians with ‘Kwanisa Na MoMo’ Overdraft Service
In a significant stride towards enhancing financial inclusion in Zambia, MTN Mobile Money Zambia, in collaboration with JUMO, a prominent banking infrastructure provider, has introduced ‘Kwanisa Na MoMo’. This innovative mobile money overdraft credit facility is designed to provide immediate financial relief and empower Zambians by ensuring continuity of essential transactions, even when their mobile wallet balance is low. This partnership leverages cutting-edge technology to bridge critical gaps in access to short-term credit across the nation’s burgeoning digital finance landscape.
Empowering Zambians Through Accessible Digital Credit
The Kwanisa Na MoMo service is exclusively available to MTN MoMo subscribers, offering real-time access to overdrafts directly through their mobile money accounts. A standout feature is its broad accessibility; the service operates seamlessly on feature phones and does not require an active internet connection, making it truly inclusive for a wide demographic in Zambia. Customers can easily activate this convenient service by dialing *115, navigating to option 6, labeled ‘Kongola & Savings,’ and then selecting option 1 for Kwanisa Na MoMo. Eligibility for these overdrafts is determined by a customer’s historical mobile money activity. This assessment is powered by JUMO’s sophisticated AI-driven credit assessment systems, which meticulously evaluate creditworthiness without the traditional prerequisites of collateral or extensive formal financial records. This innovative approach makes Kwanisa Na MoMo particularly impactful for vital segments of the Zambian economy, including micro and small business owners, informal traders, and other underserved individuals who often face barriers to conventional financial services.
Kwanisa Na MoMo represents a pivotal advancement in Zambia’s digital finance landscape, offering a practical solution for daily financial challenges. By providing instant, accessible credit via mobile money, MTN and JUMO are not only facilitating uninterrupted transactions but also fostering greater financial resilience and economic participation for countless Zambians. This initiative underscores the transformative potential of fintech partnerships in driving financial inclusion across Africa.
Keywords
Related Keywords: MTN Mobile Money Zambia overdraft, JUMO Zambia overdraft service, Kwanisa Na MoMo, MTN MoMo credit Zambia, Mobile money overdraft Zambia, Zambia JUMO MTN partnership, MTN mobile loans Zambia, Kwanisa MoMo overdraft
