Yabx emerges as a leader in digital lending platforms at the best Global Fintech Awards

NEW DELHI, 26 September 2022 /PRNewswire/ — Yabx, a strongly entrenched fintech venture has emerged as an industry leader following its subsequent recognition at the largest and most recognized global awards.

The fintech startup recently won Pacific Islands FinTech Innovation Challenge 2022 for ‘Increasing the use of financial products and services i Solomon Islands’, organized by the United Nations Capital Development Fund (UNCDF) in Singapore. There is a significant lack of financial literacy and use of financial products in the islands, and Yabx will work with the Solomon Islands National Provident Fund to change this situation.

Yabx, continued its winning streak by surpassing the competition at Asia FinTech Awards’22 and win ‘LendTech of the Year’ among hundreds of global players. Asia FinTech The Awards is a stage to find the world’s premier financial services solution promoting the best financial technology ventures ranging from Mumbai to Tokyo.

Within a week, Yabx continued to win Best ‘Buy Now, Pay Later’ solution Price on Global Fintech Fest’22a collection that recognizes the best that fintech the world has to offer. This was one of the biggest events worldwide and a testimony to the new age digital solutions offered by Yabx that transform the lives of customers and provide economic empowerment.

Rajat DayalCEO and founder of Yabx, so, “This is a great time to be in this room, solving complex economic problems like touch people’s lives. These are important but unsolved problems, for example, customers’ transaction obstacles are often due to a lack of funds in their wallets. Through our BNPL solution, users will be able to complete transactions that would otherwise have failed or been postponed due to lack of funds. These awards confirm our efforts to bring innovative digital lending services to the forefront.”

Yabx has witnessed significant momentum in its existing lending portfolios. With partnership agreements entered into with leading banks and wallet providers in several East, West and Central African countries. Yabx is ready for market expansion and the launch of new service offerings to meet customers’ needs.

“We plan to double our customer base this year, which will further contribute to financial inclusion and literacy for more people,” Rajat further added.

Making fast digital lending a seamless norm for anyone and everyone with a mobile phone is the future of the world. Amidst such recognition, Yabx is determined to intensify its operations to exponentially evolve towards financial inclusion and initiate a digital revolution across geographies.

About Yabx

Yabx aims to facilitate financial access to over two billion thin filers, sub and unbanked customers and MSMEs in the emerging markets of Asia, Africa & Latin America.

Yabx gives financial control and choice to the underserved. The company leverages technology and analytics to reduce the cost of providing financial services, thereby bringing banking services to the unbanked. This is achieved through strategic partnerships with leading banks, microfinance institutions, credit bureaus, mobile financial service providers, mobile network operators and handset manufacturers.

Yabx runs in over 20+ markets worldwide and has achieved over 55+ million customers. Incubated by Comviva, a global leader in mobile financial services, Yabx is part of 21 billion dollars Mahindra Group. Led by a team of industry experts and entrepreneurs, Yabx currently operates out of the box The Hague, New Delhi, Bogota and Nairobi.

Social handles

Linkedin – @Yabx
Facebook – @YabxTechnologies

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SOURCE Yabx