Bayport is the leader in “at-source” credit extension across Africa and Latin America
in Rural Africa
320 Officesin Africa
and Latin America
- Launching financial solutions in the market rapidly
- Siloed systems that lack intersystem reconciliations
- A desire to deliver multichannel offerings such as ACH processing, automatic card linking, and CRM activities
Bayport chose Persistent as its technology partner to change the paradigm of banking in Africa by extending salary-tied loans to underserved segments in remote parts.
Implementation of a cloud-based core banking solution that eased loan disbursement
Agile methodology to launch code every week with a pilot system rolled out in 4 months flat
Reconciliation between the core banking solution and other disparate systems
adapt to our methodologies and we are able to
effectively launch code every single week. We launched
in 2014 and in four short years we have managed to
grow to three hundred thousand transacting customers.
people. These are often people living in rural areas in remote
parts of Africa, being underserved, often forgotten about by the
financial system.We’ve been able to extend loans to this segment.
There are now people thatare able to enjoy giving their children a better
education, that are able to use those loans for the growth
of secondary businesses which enriches their lives!”
Facilitated CRM and marketing activities directly via the core banking solution
Enabled ACH processing for Bayport
Set up automatic linking of cards to customer files