Frequently asked questions on loans powered by Remita
Industry Information

Frequently asked questions on loans powered by Remita

This article explains how Remita Direct Debit works, who can use it, its limitations, and how lenders can leverage it to improve repayment consistency.

Why Nigerian banks will never win the consumer credit game
Credit Laws

Why Nigerian banks will never win the consumer credit game

Nigerian banks have never been equipped to win the consumer credit game. Their rigid lending practices, heavy collateral requirements, and deep-rooted aversion to retail risk keep everyday borrowers locked out. Fintechs are filling the gap with faster, more flexible solutions, while banks remain stuck in outdated models. Now that we know how important consumer credit is and why it matters, why are banks so ill-qualified to solve the problem?

Service providers for lenders in Zambia: Credit bureaus, payments providers, KYC, IT providers
Industry Information

Service providers for lenders in Zambia: Credit bureaus, payments providers, KYC, IT providers

Get with the program: lending is not just about disbursing money—it involves calculated risk, smooth operations, and trust. Today, it is a symphony of services working in perfect harmony. Without credit bureaus, how do you gauge whether someone is likely to repay their loan? Without payment providers, how do you ensure the funds get to […]