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RELEASE: Offers of microloans powered by Optasia in DRC through VodaCash and Access Bank

(Information sent by the signatory company).

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RELEASE: Offers of microloans powered by Optasia in DRC through VodaCash and Access Bank

(Information sent by the signatory company)

Optasia-powered microloan offerings in the Democratic Republic of the Congo through VodaCash and Access Bank

DUBAI, UAE, March 16, 2023 /PRNewswire/ -- Optasia, a leading fintech service provider, proudly announces that VodaCash, a subsidiary of Vodacom Congo, and Access Bank will use the capabilities of its AI-based platform to deliver their latest microcredit solutions in the Democratic Republic of the Congo.

The microloan overdraft service enabled by Optasia will be offered in the DRC via VodaCash under its M-Pesa brand, together with Access Bank as financial partner, under the trade name "M-Pesa Rallonge", reaching approximately 6 million of M-Pesa users in the country. M-Pesa Rallonge is a new service dedicated to M-Pesa users with zero or insufficient balance. Users will take advantage of the service to get an instant overdraft and top up their balance to make a specific transaction.

This offering will further enhance financial inclusion and drive economic growth, opening access to financial services with a direct positive impact on underbanked populations, especially in remote parts of the country, leveraging cutting-edge technology from the AI-led platform. of Optasia and providing intuitive solutions to subscribers.

"Taking advantage of Optasia's sophisticated AI-based platform is paramount for our partners around the world to enhance their offerings," said Mark Muller, CEO of Optasia. "We are delighted to enable financial access to the population of the DRC through such prestigious partners as Vodacom and Access Bank."

The Democratic Republic of the Congo adds to Optasia's growing global presence in more than 30 countries, most of them in developing regions where financial inclusion is important but difficult to achieve. With the solutions and versatility offered by the AI-led company's proprietary platform, Optasia supports underbanked populations by providing access to finance that was previously unavailable

About Optasia

Optasia, formerly Channel VAS, is an advanced AI-based platform that enables instant access to financial solutions to millions of unbanked individuals and SMEs in more than 30 countries, primarily in emerging markets. Optasia's B2B2X (business-to-business-to-customers and SMEs) model creates value for its partners, such as mobile network operators, mobile money operators, banks and payment gateways, in the form of additional revenue, improved customer experience and improved retention without the need for additional capital or operating expenses. The company's proprietary algorithms and AI-powered data engine analyze alternative data from mobile and other environments to provide members with relevant credit decisions instantly. These capabilities enable microlending, airtime, and data advances through mobile wallets, SIM cards, and other digital environments.

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