Ntshotolle Cash Loans
Mitigating the risk of carrying cash and reducing costs with Altron FinTech’s NuCard solution.
Introduction & Objectives
In order to become a registered lender, Ntshotolle Cash Loans, an unregistered microlender, joined up with Altron FinTech in 2012. He transformed his company using NuPay products like AEDO so that he could transition from being an unregistered lender to being compliant with the NCR. Finding a suitable payment and collection solution was the goal of Ntshotolle Cashloans because he had previously been robbed when he used physical cards to go to an ATM to withdraw the money owed to him from the loans he had lent out. He also needed this security he needed to operate.
Challenges & Results
Background & Solution
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