Zamtel strikes partnership to drive digital investment solutions through mobile platform

A plaform to drive digital investment solutions by connecting investors from around the world to borrowers in Zambia has been unveiled in the country.

The initiative called PremierInvest has been launched by Zamtel in partnership with Fintech PremierCredit, a peer-to-peer lending platform.

Acting Chief Executive Officer, Joshua Malupenga, said at the launch of the initiative on Thursday in Lusaka that the partnership would drive digital investment solutions.

Malupenga said this was in line with global trends and ensures that Zambia does not lag behind the digital financial development trends.

He said the company had partnered with PremierCredit to offer the investment platform that would allow subscribers to access the best and quickest online-based investment options.

“This is in line with our strategic direction at Zamtel to grow local digital financial solutions to local digital financial challenges, that respond to the call in the 8th National Development Plan (8NDP) for universal access to finance,” Malupenga said.

Chief Executive Officer, Chilufya Mutale, pointed out that this initiative aimed to cater to a broad spectrum of individuals, including marketeers, traders, and the general mass market.

“At the heart of our operations lies a dedication to financial inclusion. Our primary objective is to prioritise the needs of our customers by providing them with user-friendly inclusive products and services.

“In order to expand the availability of financial resources to those who lack access to traditonal banking services and marginalized communities, we have augmented our investment product range within the Zamtel Mobile Money platform,” Mutale said.

Meanwhile, Science and Technology Minister Felix Mutati, said government had been working tirelessly to create an enabling environment that promoted financial access and empowers individuals to take control of their financial well-being.

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