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As a social enterprise Channel VAS intends to lead global economic and social development ensuring convenience and accessibility to financial services for everyone. For mobile operators and micro-finance institutions, Channel VAS offers unique micro and nano finance solutions. Some of the solutions are XtraCash, which provides instantaneous and hassle-free access to credit on mobile and bank accounts and Pay-as-you-go electricity, which enables credit to conveniently unlock energy supply at home when funds are insufficient. In addition, ‘Micro and nano loans’ provides micro-finance institutions with a platform to advance money to subscribers and allow monthly installment repayments. These solutions enable MNOs to advance credit to their subscribers, who in turn can repay through monthly installments at low-interest rates. And at the heart of Channel VAS’ solutions is a cutting-edge proprietary credit scoring platform that relies on hundreds of data points per customer to analyze financial behavior.
Harnessing the power of big data and artificial intelligence, Channel VAS can gather hundreds of data points per customer and analyze them meaningfully to reach useful conclusions through solid predictive methodologies. The advanced big-data analytics capabilities that Channel VAS employs allow for capturing opportunities in the world’s fastest-growing mobile financial service markets with an increasing number of mobile financial applications. In 2017, a leading investment company based in Abu Dhabi acquired a stake in Channel VAS and this acquisition helped build a strategic and integrated partnership that promotes expansion. Similarly, in 2018 Ethos, a leading South African investment company agreed to partner with Channel VAS. Incorporated in 2012, the company has wide experience in emerging markets and a strong presence in more than 30 countries in Africa, Middle East, Asia, and Latin America. Moreover, with an addressable base of over 700 million mobile subscribers that are dependent on the service offered for the advance of credit, Channel VAS’ operations account for $3 billion value, with enormous potential for growth. Utilizing big data, credit analysis, and a unique human-centric customer experience, Channel VAS continues to improve people’s lives, delivering financial inclusion and affordable loans.
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Company
Channel VAS
Headquarters
Dubai, United Arab Emirates
Management
Bassim Haidar, CEO
Description
Innovative fintech company that provides mobile financial services, airtime credit services, handset loans, and big data analysis