CashPlus (Lai Lai) celebrate 1 billion transactions
It has been 3 years since First National Bank Lesotho (FNBL) launched partner banking solution (CashPlus/lai lai), which was piloted with only 8 agents and has since grown immensely. The platform has solved Basotho cash problems in a unique way as it has introduced Banking in the villages.
“CashPlus / lai-lai solution benefits the agents greatly in that it has increased foot-flow into their premises and therefore increasing the sales on other services and products they offer. It has improved their local standing in their communities by making them trusted by virtue of partnering with a bank. They also enjoy free cash deposits because of giving out cash from their tills to the customers, which automatically reflects in their business account, said Head of Digital Sam Mohatle.
Mohatle added “Today’s celebration was held in recognition of our agents who have been servicing our clients very well and therefore helped this channel reach M1billion mark in transactions since its inception. We are proud to have partnered with these businesses that are also improving the lives of Basotho in their respective communities. The impact of CashPlus is highly notable in Lesotho and we are committed to pioneering even more similar solutions to address the needs of Basotho and ensure that every citizen and non-citizen is financially included for a better life. #LaiLai”
“This partner banking solution is a financial inclusion tool for consumers as well as cash management solution for businesses. We want to thank all our agents who have partnered with us on this journey of assisting in bringing the bank closer to Basotho” said FNBL CEO Delekazi Mokebe