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Airtime Advance firm expands to Asian markets

17 November 2014, 08:11Tinswalo Baloyi

Cape Town - Nano Airtime, the local mobile financial services company that provides airtime loans and similar value added services to the telecommunication industry, disclosed plans to introduce its popular Airtime Credit Service (ACS) offering to Asian markets in the coming weeks.

Julian Kyula, MoDE Chief Executive Officer and Founder, the countries were in the Middle and Far East, with another possibility of expanding to South America in the near future.

Nano Airtime is the brainchild of MODE.

“We have just launched the service in India. The company launched more than two weeks ago. We will be launching in Kuwait and Vietnam while we are also eyeing Brazil,” Kyula said in Cape Town, South Africa during the just-ended AfricaCom, the continent’s prime information and communications technology summit.

Nano Airtime enables mobile network operators offer subscribers airtime in advance.

Also Read:Google considering YouTube, Gmail accounts for kids

In some countries, the service is free while other opearators charge a certain percentage upon the next recharge.

The service is available in a number of countries such as Cameroon, Congo, Guinea Bissau, Guinea Conakry, Ivory Coast, Kenya, Liberia, Madagascar, Niger, Nigeria, Rwanda, Seychelles, South Sudan, Swaziland, Uganda and Zambia among others.

The company has registered significant growth since formation five years ago.

According to Kyula, the company is offering up to 2 500 000 loans everyday, up from 5 000 at formation.

“We are by far the largest airtime distributor in the markets we are operational in. we are excited to see transactions soaring by the day,”
said Kyula.

He said most clients were in the middle class.

“Initially, we envisaged it was the poor who would borrow but it appears the biggest clients are the middle class,” said Kyula.

– CAJ News

- CAJ News


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