Best bank: Ecobank Guinea
Ecobank Guinea rolled out its Xpress Loan service in Guinea last year, which enables customers to obtain short-term micro credit loans using their mobile phones. The service was launched in partnership with Dubai fintech Optasia and pan-African telecommunications giant MTN.
It uses Optasia’s artificial intelligence-driven decision-making technology to disburse loans to MTN’s 800,000 active customers. This initiative, alongside Ecobank’s recently launched salary advance service, forms an important component of its strategy to drive financial inclusion in Guinea.
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