Telco launches Ghana's mobile-based loan service, 'Bosea'

In partnership with Fidelity Bank and Tiaxa, Airtel Ghana has launched Ghana's first mobile-based nano lending scheme called the "Airtel Money Bosea" to provide instant loans.

Dr. William Derban-Director for Inclusive Banking & CSR at Fidelity Bank and Rosy Fynn, Marketing Director-Airtel Ghana at the launch.

In partnerships with Fidelity Bank and Tiaxa, a global leader in nano-credits, the Airtel Money Bosea service was launched on Wednesday, 11th May 2016.

Speaking at the launch event, Rosy Fynn, Marketing Director of Airtel Ghanasaid, "Airtel Money Bosea is the first of its kind in this country developed to empower and enable access to credit facilities for Airtel Money customers anytime and anywhere".

Rosy who also doubles as continued, "Airtel Money has led the way in driving breakthrough innovation and partnerships to empower Ghanaians and deliver unparalleled value for our customers"

Eligible customers can borrow up to GHC 200 and have up to one month to pay back through deductions via their Airtel Money wallets.

Speaking to Fidelity Bank’s decision to be part of the innovative partnership, Dr. William Derban, Director for Inclusive Banking & CSR at Fidelity Bank said “with this partnership, many people will be able to access small amount of money anytime, anywhere. As an innovative bank, we are proud to be part of this revolution in mobile money in Ghana”.

In his comments, Aiaze Mitha, at Tiaxa said “We are proud to work with Fidelity Bank and Airtel Money towards making a positive difference in the lives of millions of Ghanaians by delivering meaningful products that are widely accessible through mobile phones and address their daily financial needs. This is a truly exciting development for Ghana and all Ghanaians.”

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