By Neo Kolane
Digital platforms provider Chaperone and Pula-Maliboho Financial Services launched its two product Loans, Buy Now Pay Later on Friday in Maseru.
Chaperone was incorporated in May 2017 and it is predominantly owned by Basotho shareholders and regulated by Central Bank of Lesotho as an issuer of electronic payments instruments from January 1 2020.
The acting sales and distribution manager at Chaperone, Hlompho Hlalele, said that if a person wants to take a loan they should register for C-Pay, a mobile money platform.
Hlalele explained that the loan amounts from M10 to M10 000.
She however spoke of the Buy Now Pay Later, which applies to businesses only and starts from as little as M10 to M500.
“With C-Pay, a subscriber can send and receive money, buy airtimes for all mobile money networks and electricity.
“C-Pay also helps with insurance, merchants and loans,” Hlalele explained.
C-Pay agents operate across 10 districts and currently has 340 active agents and 30 merchants across Lesotho.
