MTN launches “Qwickloan” money services via Mobile Money Platform


MTN Ghana in partnership with Afb Ghana has launched the “Qwikloan” service to provide convenience to customers in times of need to enhance their business.

This product, dubbed, “Qwikloan” is fast, easy, and convenient which enables customers to access loans using their MTN Mobile Money platform.

Speaking at the launch, the General Manager for MTN Mobile Financial Services, Eli Hini said the introduction of Qwikloan is to meet their customers at the point of their needs.

He indicated that, with this new product, customers don’t have to go through the hustle to provide proof of collateral in order to access the loan.

Mr Hini noted that customers can access up to ¢1,000 by just using their MTN Mobile Money and airtime more frequently and also commit to repay their loans on time.

“Everyone needs to solve a need in life at a point in life, sometimes it is very difficult getting financial assistance from family and friends to solve that need.

“Aside from this, there are times where you may be stranded in town or while on a journey due to a shortage of money. Qwikloan is here to solve those needs”, the MTN Mobile Money General Manager said.

Mr. Arnold Parker, the General Manager Afb Ghana, expressed satisfaction at the partnership between the two institutions.

He stated that  the service would allow them to scale up and offer financial inclusion to over a million of customers in the informal sector, adding that “we trust Ghanaians and we have given them loans, we believe that they will pay back on time.”

Mrs. Clarissa Kudowor, the Assistant Director, Payment Systems Bank of Ghana, said they have endorsed the product but urged customers to feel free and report any dissatisfaction they encounter as far as the service was concerned.



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