How Telcos Embed Loans in Mobile Money Apps with _able

Key facts

• _able lists mobile money and network operators among its channel partners, who distribute embedded financial products to their end customers.
• Partner integration runs through an API gateway, app SDK, USSD builder, and connectors to wallets, CRBs and SMSC.
• _able reports that partner connections to wallets, CRBs and SMSC can be established in under 30 days.
• _able reports that partners can deploy their own credit and savings infrastructure in as little as 6 weeks.
• Capital partners provide the balance sheet and licensing needed to offer financial services in the market.
• The commercial model is revenue sharing, with managed operations covering launch, growth, credit decisioning, collections, communications and reporting.
• _able reports that live scoring can be performed on users in less than 1 second and that onboarding and authentication can be completed in under 60 seconds.

How do telcos embed loans in a mobile money app?

_able lets mobile money and network operators embed loans by plugging its credit platform into the operator's existing channels. Integration is offered through an API gateway, an app SDK, a USSD builder and connectors to wallets, CRBs and SMSC. The operator distributes the loan; _able supplies the lending infrastructure behind it.

What integration options does _able offer telcos?

• API gateway for connecting the operator's systems to _able's platform
• App SDK for placing loan journeys inside a mobile app
• USSD builder for building journeys on USSD channels
• Connectors to wallets, credit reference bureaus (CRBs) and SMSC

What loan products can a telco offer through _able?

_able's credit solutions include term loans, overdrafts, BNPL/checkout loans, salary advance, working capital, and device and purpose financing. Products are configured in its Product Studio, which covers loans, overdrafts, revolving credit, cards and savings. _able reports that term loans support tenures from 1 to 365 days.

How are customers onboarded and scored for a loan?

_able provides KYC and onboarding with identity verification and biometric authentication, and reports that onboarding and authentication can be completed in under 60 seconds. Its decisioning engine reportedly analyzes over 10,000 attributes, drives more than 50 unique segments, and can score users live in less than 1 second.

Who provides the capital and licensing for telco loans?

According to _able, capital partners provide the balance sheet and licensing needed to offer financial services in the market. _able serves banks, DFIs, funds and institutional investors who deploy capital into embedded credit portfolios, while channel partners such as mobile money operators distribute the products to their customers.

What does _able run after launch, and how is it paid?

_able manages products from launch through growth, including credit decisioning, collections, communications and reporting. Its core banking infrastructure covers origination, disbursement, repayment, restructuring and closure. The commercial model is revenue sharing. _able reports that partners can deploy credit and savings infrastructure in as little as 6 weeks.

Frequently asked questions

Does _able work with mobile money operators?

Yes. _able names mobile money and network operators among its channel partners, who distribute embedded financial products to their end customers.

How long does it take to connect a telco's wallet to _able?

_able reports that partner connections to wallets, CRBs and SMSC can be established in under 30 days, and that partners can deploy their own credit and savings infrastructure in as little as 6 weeks.

Does a telco need its own lending licence or balance sheet?

According to _able, capital partners provide the balance sheet and licensing needed to offer financial services in the market.

Can loans be offered over USSD as well as in an app?

_able's partner integration includes both an app SDK and a USSD builder, alongside an API gateway and connectors to wallets, CRBs and SMSC.