{"id":121,"date":"2020-11-03T05:45:11","date_gmt":"2020-11-03T05:45:11","guid":{"rendered":"https:\/\/www.mobileloansinkenya.com\/?p=121"},"modified":"2020-12-10T14:12:54","modified_gmt":"2020-12-10T11:12:54","slug":"okash-loan-app-hits-sh10-million-daily-transactions","status":"publish","type":"post","link":"https:\/\/www.mobileloansinkenya.com\/okash-loan-app-hits-sh10-million-daily-transactions\/","title":{"rendered":"OKash loan app hits over Sh10 Million daily transactions"},"content":{"rendered":"\n\n\n\n\n

OKash loan app by Opera Group subsidiary Opay has hit over Sh10 Million transactions daily, only just two months after its launch.\n\n\n\n

The mobile phone-based loan app available on Google Play, was launched in March and currently has over 100,000 daily active users with total downloads of about 300,000.\n\n\n\n

Opera managing director Eddie Ndichu said this shows demand for shorter term loans in the market with incentive for earlier repayment.\n\n\n\n

\u201cWe know that there are more than 20 million people in Kenya who use loans actively every day and we want to give them a high-end product with an exceptional user experience to make their life more comfortable when applying for and making payments with loans,\u201d said Mr Ndichu.\n\n\n\n\n\n\n\n

Users download OKash loan app and set up accounts using their MPesa accounts. By filling out a set of questions, users get an answer on their loan application through their mobile phones.\n\n\n\n