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Branch becomes a neobank, targets enterprise customers with loans

Following its transition into a neobank, Branch now has enterprise customers, such as businesses that may want facilities such as loans.

Can mobile money providers turn into neobanks ?

In the face of fierce competition from fintechs, many African mobile money providers are contemplating offering savings products and loans, becoming branchless "neobanks" and filling the gap left by traditional retail banks.

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