FN Software Solutions unveils NDASENDA PAY, a revolutionary new payment platform.

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FN Software Solutions unveils NDASENDA PAY, a revolutionary new payment platform.

Mr. Brian Zimunhu, Managing Director of Zimbabwe Microfinance Fund, extends sincere appreciation to FN Software Solutions for the privilege to witness the launch of their pioneering online onboarding platform, NDASENDA PAY. This innovative technology has the potential to revolutionize microfinance accessibility nationwide, dismantling barriers and enhancing financial inclusivity. Zimbabwe Microfinance Fund is enthusiastic about contributing to this transformative journey and eagerly anticipates the impact of this innovation on the intersection of IT and finance, shaping a more inclusive financial landscape for all Zimbabweans.

FN Software Solutions celebrates the official launch of NDASENDA PAY, a groundbreaking digital payment platform meticulously tailored for the Zimbabwean market, marking a significant milestone for the organization. The company expresses profound gratitude to the Ministry of Information, Publicity & Broadcasting Services for their steadfast support and esteemed presence at the launch event.

Ndasenda Pay stands as a scalable and resilient platform crafted to streamline the processing of loan applications from customers to financiers. Facilitated through a tripartite agreement involving Ndasenda, merchants, and financiers, the platform enables swift access to credit for purchasing goods or services.

Together, FN Software Solutions and its collaborators are charting a path towards a more inclusive financial future for Zimbabweans. They express heartfelt appreciation for the invaluable collaboration and support received throughout this transformative journey.

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ZMF Managing Director meets the  RBZ Governor

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ZMF Managing Director meets the  RBZ Governor

The ZMF Managing Director, was part of a Microfinance Sector Delegation that paid a courtesy call on the RBZ Governor on 6 June 2024.  The Governor’s immediate comments, among others were:

  • The microfinance sector is a very important sector in that some of the people in the remotest areas benefit through MFIs but certainly MFIs can and should do better
  • He implored DTMFIs to take deposits in rural areas as lack of their presence is stifling ZIG roll out
  • He indicated that MFIs should reduce competing for urban clients and /or civil servants but can think of new innovative products e.g. NSSA pensioners
  • The Governor also noted that whilst he is not a fan of interest rate caps there was need for responsible lending because invariably the poorest end up paying the most due to exorbitant cost of loans
  • He also took note of the sterling work which the Zimbabwe Microfinance Fund (ZMF) was doing in providing loans for the microfinance sector
  • Overall, the Governor commended the sector for a job well done in financial inclusion and encouraged ZAMFI and ZMF to do more so that Zimbabwe attends the envisioned upper middle-class status