According to a March report from The Express Tribune, there are 137 million mobile phone users in Pakistan. Data released by the Pakistan Telecommunication Authority showed a slight increase from 2016’s 133.2 million.
As a result of this large user base in mobile phone usage, CreditFix have created a mobile app that makes it easier for consumers to access finance and can be done in five simple steps. To enable fair and transparent credit there are four different categories that a user can chose from: livestock finance, smart-grid finance, farm-equipment finance and car finance.
With traditional finance being turned on its head through the advancement of fintech, it is hoped that this platform from CreditFix will provide many people in Pakistan with the access they require to loans that they would otherwise not have access to.
