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General

Masmovil to launch consumer loans service next month - report

Friday 6 September 2019 | 10:59 CET | News
Spanish operator Masmovil is preparing to launch a consumer loans service for its customers together with long-time financial services partner Cetelem Espana, reports business daily Expansion. The service will be rolled out next month and will initially focus on giving Yoigo customers the opportunity to request a loan to fund handset purchases before branching out into other personal loans and financial products. It's called Xfera Consumer Finance and is 49 percent owned by Masmovil, with the remaining 51 percent in the hands of Cetelem Espana, a subsidiary of France's BNP Paribas.

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Categories: General
Companies: Masmovil / Yoigo
Countries: Spain
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