How to use Infobip with Lendsqr as an SMS provider
Integrating Infobip with Lendsqr allows lenders to automate and manage SMS communication across the entire lending journey, from OTP verification and loan application updates to repayment reminders and collections messaging. This guide walks through how to connect Infobip as your SMS provider on Lendsqr, configure messaging settings, and ensure reliable delivery for customer notifications at scale.
7 effective debt collection practices and legal considerations
Effective debt collection is about more than recovering overdue payments—it also requires maintaining compliance, protecting customer relationships, and reducing legal risk. Lenders must balance persistence with professionalism while adhering to applicable laws and regulations governing collections activities. In this article, we explore seven effective debt collection practices, along with key legal considerations that can help lenders improve recovery rates while operating ethically and compliantly.
Is your loan business truly financially inclusive?
Are you truly "Granting credit access to the underserved"? Is it just a spiel that you tell your customers and investors to give them more trust in your business? Find out if your loan business is truly inclusive.
What problem is Lendsqr solving for lenders?
At Lendsqr, we believe that just like the way the internet created a level playing field and ushered Africa into the modern age, technology for lending should be powerful, accessible, and affordable.
What you need to know about Nigeria’s Open Banking
Two years after the first Open Banking framework circular was released, the CBN issued operational guidelines for Open Banking on Tuesday, March 7, 2023, heralding a start for what many anticipated would bring about a much-needed change in financial services.
Combating fraud in the lending ecosystem: Your role as a digital lender
Fraudsters bank on your silence and my silence to thrive; they are aware that their victims will stay quiet, as they may face jeers and sneers if they admit to getting scammed. Hence, these grifters continue to succeed in their dishonest schemes. How then do we combat fraud?
Should I lend to this customer? A guide to risk assessment
Every lending decision begins with a critical question: should you lend to this customer? The answer requires more than intuition, it depends on evaluating income, repayment capacity, credit history, existing obligations, and overall risk signals. Effective risk assessment helps lenders separate opportunity from avoidable loss, making it possible to grow responsibly while protecting the loan portfolio. With the right framework, lenders can make faster, smarter, and more consistent credit decisions.
What it takes to be a digital money lender
Becoming a digital money lender requires more than launching an app or offering quick loans online. It involves building the right mix of capital, regulatory compliance, credit assessment systems, repayment infrastructure, and customer trust. Successful digital lenders also need strong risk management, secure technology, and a clear understanding of borrower behavior in a fast-changing market. In an industry where speed matters but trust matters more, the foundations you build determine whether growth is sustainable.
Handle payment collection like a pro with direct debit
Direct debit feature simplifies the payment collection process and enhances the monitoring of transactions.
Driving growth: How Government can boost economy via credit ecosystem
Read about how the government can drive economic growth through the credit ecosystem
How to utilize configurable loan forms for your lending business
Learn more about Lendsqr's configurable loan forms today!