Zambian digital bank Lupiya has joined forces with Network International, a prominent facilitator of digital commerce in Africa and the Middle East, to introduce a cutting-edge debit card. Operating within Zambia and Tanzania, Lupiya is pioneering the financial inclusion movement with its AI-powered neobank platform.
The platform specializes in online lending and digital payment solutions, utilizing unconventional data sources and advanced machine learning algorithms to evaluate creditworthiness. This innovative approach grants access to credit and secure payment options to individuals and businesses often overlooked by traditional banking institutions.
Lupiya’s portfolio of financial services encompasses personal loans, SME financing, and digital payments. In a strategic move to enhance its offerings, Lupiya is now launching a debit card in collaboration with Network International. Network is a digital payment powerhouse that provides services to a diverse clientele, including governments, banks, public sectors, fintechs, and merchants of varying sizes, supporting over 250 financial institutions and 130,000 merchants across more than 50 countries.
The newly introduced debit card comes with e-commerce capabilities, reinforced with 3D Secure technology and tokenization features. This addition broadens Lupiya’s spectrum of services, now encompassing not just streamlined lending but also sophisticated digital payment options for its expanding customer base.
Muchu Kaingu, CEO of Lupiya Pay, articulated the company’s vision:
At Lupiya, our goal is to transform financial inclusion throughout Africa. Our alliance with Network International marks a significant advancement in offering secure, accessible, and innovative digital financial solutions. The launch of an e-commerce-ready debit card equipped with 3D Secure and tokenization is a stride towards enabling individuals and businesses to engage more actively in the digital economy.
Kaingu further emphasized the partnership’s alignment with Lupiya’s mission:
This collaboration underscores our dedication to deploying state-of-the-art technology that not only elevates the convenience and security for our customers but also contributes to economic development and financial autonomy across the continent.
