A pioneering financial firm, Zeeh Africa, has launched a revolutionary loan recovery solution driven by global standing instruction (GSI) technology, aiming to tackle the persistent challenge of loan repayment faced by lenders in Nigeria and beyond.
According to Zeeh Africa’s CEO, David Adeleke, the newly launched system offers a direct and automated approach to fund recollection, providing a seamless solution for lenders grappling with recovery challenges.
He emphasized, “The GSI-powered solution introduces a cutting-edge system that merges the efficiency of direct debit with GSI functionality.”
The CEO’s comment that the GSI-powered solution is better at reducing bad loans, adding that Zeeh Africa’s approach is changing how loans are collected.
“with GSI, lenders can take money from defaulters’ accounts at other banks as a backup plan. Borrowers start this by giving permission through their Bank Verification Number and connecting all their accounts, so lenders have all the info they need to collect money effectively”, Adeleke said.
Zeeh Africa adopts advanced technology, and has the potential to change industry practices and outcomes.
