Telkom Kenya mobile lending platform TKash loan App

Telkom Kenya, a mobile service provider, is getting ready to introduce a mobile loan service in order to get a piece of the lucrative and quickly expanding mobile lending subsector.

Telkom intends to work with an unnamed financial institution in order to give its consumers access to immediate microcredit services via their mobile phones.

In recent years, short-term mobile loans have drawn interest from a variety of fintech companies, with prominent mobile phone operators launching various products to capitalize on their enormous subscriber bases.

The mobile application T-Kash will allow users to access Telkom's lending product.

Telkom announced the plans in a statement that read, "From our interactive sessions with our customers, we have taken note that Kenyans appreciate mobile money solutions better when they keep on finding new uses for their mobile wallets, whether they are making payments, paying for goods and services, saving, borrowing, or trading.

The new facility will be in direct competition with services like KCB-Mpesa and M-Shwari by NCBA that use the Safaricom network. One of the most well-liked credit options available is Fuliza from Safaricom, which generates huge earnings for the massive telecommunications company.

When the new variable argument is prepared for the market, we will be able to update. "We continue to have these exploratory sessions that will inform and enhance the experience we offer our customers." Telkom Kenya went into detail.

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