SME Investment - Mobile Payments
Zoona, Zambia 2011 - 2019
$750,000 | $410,000 Technical Assistance
In 2011, MEDA made an equity investment and delivered technical assistance to Zoona to promote greater financial inclusion throughout Zambia and Malawi. Today, Zoona is a leader in mobile payments combining proprietary payment technology with an agent network of 2500 outlets, enabling customers to transact easily, quickly, safely and cheaply. The value of MEDA’s investment as of June 2018 has grown to $2.7 million.