Vodacom introduce ‘Ntlatse’ overdraft facility
Maseru – Vodacom Lesotho (VCL) Financial Services in partnership with Redeem Financial Services yesterday launched an overdraft facility called ‘Ntlatse’.
Speaking at the event managing director VCL Financial Services, Palesa Mphunyetsane, indicated that ‘Ntlatse’ is a short term loan which is accessible on the M-Pesa platform which tops up a customer when they have insufficient funds while doing a transaction.
She further indicated that with this innovative solution, they are creating a better experience for their customers by affording them instant access to credit to enable them to make money transfers, pay bills, purchase from merchants even when they have insufficient funds in the M-Pesa accounts.
‘Ntlatse’ is available to all M-Pesa customers and the awarding of limits will depend on a customer’s credit viability and how long they have been using M-pesa.