Mobile cash lending app Tala temporarily suspends operations in Tanzania

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BY JOAN WANJIKU,NAIROBI,18TH SEPT 2019-Digital cash lending App Tala has announced the temporally end of its operations in Tanzania.

In a statement, the company says that it has paused its operations after conducting a pilot of its credit service, adding that it is undertaking a review of its operations to determine the way forward.

“We appreciate the opportunity to serve you and wish our loyal customers continued success in your financial journeys,” the company says in a statement.

Kenya is the biggest  market  for TALA with over 2.5 million customers. The company also has operations in Mexico and Philippines.

“Our operations in Kenya continue uninterrupted as Kenya is a critical part of our global business. We are continuing to evolve our product to meet the needs of our 3 million customers here and are also piloting some exciting new offerings in financial education and coaching.”

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