{"id":56463,"date":"2025-12-04T10:33:00","date_gmt":"2025-12-04T10:33:00","guid":{"rendered":"https:\/\/new.igihe.com\/momo-rwanda-yabx-technologies-and-i-m-bank-launch-k-avance-an-innovative\/"},"modified":"2025-12-04T10:32:55","modified_gmt":"2025-12-04T10:32:55","slug":"momo-rwanda-yabx-technologies-and-i-m-bank-launch-k-avance-an-innovative","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/momo-rwanda-yabx-technologies-and-i-m-bank-launch-k-avance-an-innovative\/","title":{"rendered":"MoMo Rwanda, Yabx Technologies and I&#038;M Bank launch K\u2019avance \u2013 an innovative overdraft solution for MoMo customers"},"content":{"rendered":"<p>The launch took place on 3rd December at M\u00f6venpick Hotel Kigali, marking an important step forward in our mission to make financial services more accessible and inclusive for all Rwandans. <\/p>\n<p>K\u2019avance is an overdraft facility that allows eligible MoMo users to carry out essential transactions\u2014such as sending money, making merchant payments, or purchasing airtime\u2014even when their account balance is too low to complete the transaction. <\/p>\n<p>{{How to Access K\u2019avance<br \/>\n}}<\/p>\n<p>Customers can access the K\u2019avance service by: <\/p>\n<p>1. Dialling *182*5*2#<br \/>\n2. Following the prompts to review and accept the Terms &#038; Conditions<br \/>\n3. Receiving notification of their credit limit once approved, after which they can  begin using K\u2019avance <\/p>\n<p>Speaking at the launch event, MoMo Rwanda Ltd CEO Chantal Kagame said: <\/p>\n<p>\u201cK\u2019avance is another milestone in our journey to provide practical financial solutions tailored to our customers\u2019 needs. We understand that access to small, timely credit  can make a big difference in Rwandans\u2019 daily lives, and K\u2019avance is here to fill that gap.\u201d <\/p>\n<p>Puneet Chopra, Chief Growth Officer at Yabx Technologies, said: <\/p>\n<p>\u201cWith K\u2019avance, we\u2019re addressing the real liquidity challenges faced by Rwandans in their daily lives. The service ensures that customers can access responsible, data-driven credit when they need it most\u2014fostering inclusion, trust, and participation in  Rwanda\u2019s growing digital economy. Powered by Yabx\u2019s advanced digital lending  technology, K\u2019avance is the first product of its kind in the market, combining cutting-edge innovation, local insight, and strong institutional partnerships to bring  seamless access to financial support at the tap of a button.\u201d <\/p>\n<p>Benjamin Mutimura, CEO of I&#038;M Bank (Rwanda) Plc, added:  <\/p>\n<p>\u201cK\u2019avance is a strong example of how innovation and strategic partnerships can unlock meaningful impact. With this collaboration, we are delivering solutions that are not only timely but also relevant to the evolving needs of our customers. We  remain committed to driving inclusive innovation that brings formal financial  services closer to everyday life.\u201d <\/p>\n<p>MoMo Rwanda encourages all customers to explore this service and take advantage of the convenience and flexibility it offers. Eligibility for K\u2019avance is based on customer behaviour and scoring by TransUnion Rwanda, ensuring responsible access to credit.  <\/p>\n<figure class=\"spip-document spip-document-98640 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg\" alt=\"The launch took place on 3rd December at M\u00f6venpick Hotel Kigali.\" \/><\/figure>\n<figure class=\"spip-document spip-document-98641 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/34bbf26b-965c-4076-896c-3e041d4aab2a.jpg\" alt=\"K\u2019avance is an overdraft facility that allows eligible MoMo users to carry out essential transactions\u2014such as sending money, making merchant payments, or purchasing airtime\u2014even when their account balance is too low to complete the transaction. \" \/><\/figure>\n<figure class=\"spip-document spip-document-98639 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/45a8053d-e493-4bf6-9dab-d770065681f0.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-98642 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/21f2372f-6767-4a44-b89e-409ed3491b65.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>MoMo Rwanda Ltd, in partnership with Yabx and I&#038;M Bank, is proud to announce the official launch of K\u2019avance, a new MoMo Overdraft Service designed to empower customers by enabling them to complete transactions even when their mobile money wallet has insufficient funds. <\/p>\n","protected":false},"author":131,"featured_media":2000098643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-56463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-62","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000098643,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/c2953aea-299e-4e89-87b1-ebbaa250ee7c.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/56463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=56463"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/56463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000098643"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=56463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=56463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=56463"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=56463"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=56463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}