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[QUOTE="Munyaradzi Mafaro, post: 55236, member: 636"]
MTN Mobile Money Zambia launched a new overdraft service through collaboration with banking infrastructure company JUMO. The Kwanisa Na MoMo platform delivers instant credit access to mobile wallet users when account balances prove insufficient for transactions. Customers activate the service by dialing *115# on feature phones without requiring internet connectivity. JUMO's artificial intelligence systems evaluate creditworthiness based on mobile money activity patterns. The partnership addresses financial gaps for micro-enterprises and traders.

The service targets Zambia's 1.2 million mobile money subscribers who frequently experience transaction failures from low account balances. JUMO earned a 92.2 percent ethical rating from Cerise + SPTF for responsible lending practices. The company has distributed over eight billion dollars to thirty-one million customers across eight African nations through 248 million loan transactions since 2015. Micro and small enterprises represent 97 percent of Zambian businesses. The overdraft solution strengthens financial accessibility for underserved populations.
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