How to get a money lending license in Zambia
So, how do you get a money lending license to join banks and non-bank financial institutions (NBFIs) in meeting the credit needs in Zambia? You’re in the right place.
You can now activate your direct debit mandates in 1 minute
Our direct debit system is now equipped with E-Mandate, an addition that puts control directly in the hands of your customers. Gone are the days when you and your customers have to chase bank officers around to approve mandates.
Lenders battle against fraudsters; a case for an industry blacklist
As digital lending surges in Nigeria, fraud has quietly become one of the industry’s biggest threats, with coordinated identity theft and serial loan defaulters overwhelming individual lenders who battle in isolation. The danger isn’t unique. Kenya offers a stark warning, with an estimated 3.2 million people blacklisted on the country’s TransUnion credit bureau. Without a unified industry blacklist to identify and curb repeat offenders, Nigerian lenders risk following the same path, continually staying several steps behind increasingly sophisticated fraudsters.
