Orange Money expands micro loan services

Chinese handset maker Oppo has reportedly apologised to customers in Thailand after admitting to the telecoms regulator that its devices came with pre-installed loan apps that had not been approved by the Bank of Thailand (BOT).

The mobile money market matured as transaction value grew by 14% to US$1.4 trillion and total global registered accounts reached 1.75 billion in 2023, an increase of 12% year-on-year.

MTC Namibia has reportedly teamed up with Letshego Micro Financial Services to launch a pilot for a new mobile microlending platform that will provide instant loans to customers via their mobile phones.