Allawee credit card launch in partnership with Mastercard, in line with Credicorp 2030 mandate
- Allawee launched a credit card for Nigerians in partnership with Providus Bank, Mastercard, and Remita.
- The card allows users to access 30-90% of their net income in credit, capped at ₦1,000,000 ($605).
- Users can make payments online and at ATMs or PoS devices, with a repayment period of up to four months.
The collaboration between Allawee and major financial institutions marks a significant step towards enhancing consumer credit access in Nigeria. However, the success of this initiative will depend on effective implementation and the ability to manage credit risk, especially in a market where many consumers lack a comprehensive credit history.
