New mobile loans app launched in Kenya

OPay, the FinTech company part of the Opera Group, announced (Monday) the launch of OKash, the new stand-alone mobile app that provides users access to short-term loans at their fingertips. [Photo: Courtesy]

A new mobile app that gives users access to short-term loans is now available in Kenya.

Okash, an invention of OPay, the financial technology company that is part of the Opera Group, enables users to access small loans for an interest as low as 1 per cent per day for a maximum of 14 days.