Opera Group launches OKash loans app in Kenya

Tuesday 13 March 2018 | 11:12 CET | News
OPay, the fintech part of the Opera Group, has announced the launch of OKash, a stand-alone mobile app that provides  short-term loans, in Kenya. Interest rates on the small loans start from 1 percent per day for a maximum of fourteen days. Edward Ndichu, FinTech manager for Opera in Kenya, said users with timely and consistent repayment behaviour can apply for a single loan of up to KES 500,000 at an interest rate of 5 percent. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Opera
Countries: Kenya
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


OKash launches built-in face recognition system

Published 16 Aug 2018 09:40 CET | Kenya
OKash, the microlending app developed by OPay, an affiliated company of the Opera Group, becomes the first microlending app in ...

Opera releases Android browser with Crypto Wallet

Published 11 Jul 2018 13:15 CET | World
Opera Software has introduced a new version of its Android browser for cyrptocurrency traders. Opera Android with Crypto Wallet ...

Okolea International launches mobile loan app in Kenya

Published 18 Jun 2018 10:16 CET | Kenya
Okolea International has introduced of a new mobile lending app in Kenya. It takes less than ten minutes to register and receive ...

Opera set to buy controlling stake in Nigeria's Paycom - report

Published 23 May 2018 09:35 CET | Nigeria
Telnet Nigeria is close to a deal to selling a controlling stake in its mobile money business subsidiary, Paycom, to the maker of ...

Cim Finance launches Aspira mobile products finance app

Published 21 May 2018 10:25 CET | Kenya
Mauritius-based Cim Finance has launched a mobile application called Aspira to provide finance for goods such as furniture, ...

OKash loans app hits over KES 10 mln in daily transactions

Published 07 May 2018 13:00 CET | Kenya
The OKash loan app by Opera Group subsidiary Opay has hit over KES 10 million transactions daily, barely two months after its ...

Safaricom partners Barclays Bank to launch financial service mobile app

Published 19 Mar 2018 09:27 CET | Kenya
Safaricom has partnered with Barclays Bank of Kenya to launch a financial self-service channel called Timiza Mobile app. Through ...

Telkom Kenya launches mobile money platform

Published 13 Mar 2018 09:44 CET | Kenya
Telkom Kenya has launched T-Kash, its own mobile money platform. Subscribers can deposit and withdraw cash from an agent or ATM ...

Equitel offers mobile income insurance for hospitalisation

Published 07 Mar 2018 09:43 CET | Kenya
Equity Bank's mobile money platform Equitel has brought out a mobile-based insurance product called Riziki Cover for loss of ...

PayJoy plans to start smartphone hire purchase service in Kenya in Q2

Published 26 Feb 2018 10:08 CET | Kenya
US-based financial technology firm PayJoy is set to launch phone loan services in Kenya in partnership with gadgets distributor ...

Kenyan mobile transactions rise by KES 283 bln in 2017

Published 13 Feb 2018 14:25 CET | Kenya
The value of cash transactions through mobile phones rose by KES 283.37 billion in the twelve months ended December 2017 compared ...

Opera appoints Ndichu to steer African fintech plans, aims to set up Kenyan office

Published 04 Jan 2018 11:01 CET | Kenya
Internet browser company Opera said that it has appointed Eddie Ndichu as the managing director and vice president for Fintech in ...

Opera integrates OPay web payment system in Kenya

Published 08 Dec 2017 12:39 CET | Kenya
Opera has integrated a new web payment platform in Kenya called OPay which directly runs on the Opera Mini browser. OPay will ...

Safaricom, CBA plan M-Shwari loan rate cut to fend off rivals

Published 07 Dec 2017 10:11 CET | Kenya
Safaricom and the Commercial Bank of Africa (CBA) will cut the price of M-Shwari loans to defend their market share, which is now ...

Jumia Kenya launches new credit scheme

Published 24 Oct 2017 11:19 CET | Kenya
Jumia Kenya has launched a lending programme to help small and medium-sized enterprises (SMEs) expand their online sales. Jumia ...

Calendar   /   Industry Events

04 Aug Twilio Q2 2020
04 Aug Boingo Wireless Q2 2020
04 Aug Allot Q2 2020
04 Aug NeoPhotonics Q2 2020
04 Aug Inphi Q2 2020
04 Aug Otelco Q2 2020
04 Aug Softbank fiscal Q1
04 Aug TIM Q2 2020
04 Aug Arista Networks Q2 2020
05 Aug NetLink NBN Trust fiscal Q1
05 Aug Maxar Q2 2020
05 Aug TeraGo Q2 2020
05 Aug Smith Micro Software Q2 2020
05 Aug Inseego Q2 2020
05 Aug Infinera Q2 2020
05 Aug Fitbit Q2 2020
05 Aug Ribbon Communications Q2 2020
05 Aug Synaptics fiscal Q4
05 Aug Dasan Zhone Solutions Q2 2020
05 Aug Dialog Semiconductor Q2 2020
05 Aug Roku Q2 2020
05 Aug CenturyLink Q2
05 Aug Magyar Telekom Q2 2020
05 Aug Extreme Networks fiscal Q4
05 Aug Zynga Q2 2020
05 Aug Samsung Galaxy Unpacked event
06 Aug Cincinnati Bell Q2 2020
06 Aug OTE Q2 2020
06 Aug Deutsche Telekom Q2 2020
06 Aug NortonLifeLock fiscal Q1
::: More Calendar Items