Optasia, leading artificial intelligence (AI)-based decisions and distribution platform, that provides immediate access to financing solutions, unveiled the launch of a new Advance Credit Service (ACS) in Malawi with the help of Telecom Networks Malawi (TNM), the oldest telecommunication company in the country. With this launch, TNM will be able to give data advancements and airtime to its customer base.

Optasia is a Dubai-based firm providing financial access to the next billion consumers. It empowers the service provided by TNM in Malawi by using its AI-driven originating and credit decisioning platform under the product name, “Pasavute Service”. This service will turn up to an addressable subscriber base of about 5.000.000 people in Malawi.

Mark Muller, Group CEO for Optasia, commented, “As a successful ACS provider globally, providing easy solutions to people and improving their daily lives has always been among our key commitments. We are happy to be involved with a well-trusted Telecom Operator like TNM in Malawi, enabling them in reaching out to the local population with meaningful telecommunications solutions”.

Madalitso Jonazi, Head of Brand and Marketing, Telecom Networks Malawi stated, “We have a role to ensure that there are no more barriers to staying connected. At TNM Plc, we have decided to break the barriers by giving Malawians wider options to remain connected, removing the limits, and bringing both voice and data bundles into the Pasavute credit net Pasavute allows TNM customers to make calls to other networks without barriers, providing universal access to telephony and mobile internet.”

As Advance Credit Services in Malawi will be deployed, it will further show continuous global expansion of Optasia, as the firm is active in more than countries, with unique access to over 560 million end consumers.