CIM Finance Launches MoPay

CIM Finance has announced the launch of MoPay, a fully digital financing product that offers an interest-free solution aimed at providing a responsible and accessible alternative to traditional funding options. The service is designed to help consumers manage their expenses with confidence.

In a statement, Jean-Noël Nanapragassen, Head of Digital Channels and Products at CIM Finance, noted that this launch addresses the evolving consumption habits of young Mauritians.

“Young consumers today enjoy significantly greater financial autonomy than they did just a few years ago,” he said.

“However, it remains crucial to manage finances prudently to avoid potential difficulties, all while fulfilling personal desires and needs. MoPay precisely offers this balance by providing a secure and controlled solution, designed to encourage responsible use.”

MoPay will allow individuals to take out loans of up to Rs 50,000, which can be repaid in five installments without any additional fees.

Through the MoFinans app, MoPay is offering flexible repayment options that cater to various income levels, ensuring better control over spending and minimizing financial risks.

Source: Defi Media