The initiative would also broaden access to credit for underserved populations in Ghana, a press release issued to the Ghana News Agency, in Accra, said Tuesday.

The product combines the financial strength of Fidelity Bank, the extensive mobile money distribution network of MobileMoney Limited (a subsidiary of MTN Ghana), and the artificial intelligence capabilities of JUMO to deliver fast, flexible, and inclusive digital financial services.

BoseaLoan is available exclusively to MTN MoMo customers, according to the release.
It enables eligible users to access quick credit via mobile phones, based on their financial behaviour.

The product is designed for micro and small-scale enterprises, traders, and individuals who typically face difficulties accessing formal financial services due to lack of collateral or limited credit histories.

The initiative, the release said, was expected to improve credit delivery and economic empowerment, particularly for women, youth, and micro-entrepreneurs.

Mr Julian Opuni, Managing Director of Fidelity Bank Ghana, described the initiative as “part of the bank’s long-standing commitment to inclusive finance.”

“As the largest privately-owned Ghanaian bank, the launch of BoseaLoan aligns with our broader vision of economic empowerment,” he stated.
“It simplifies access to formal credit, while lowering entry barriers for underserved communities by delivering real-time mobile loans.”

Mr Opuni added that Fidelity Bank, which had played a pioneering role in promoting financial inclusion over the past decade, aimed to empower millions more Ghanaians to contribute meaningfully to national development.

Mr Shaibu Haruna, Chief Executive Officer of MobileMoney Limited, underlined the strategic relevance of the partnership to the company’s digital finance agenda.

“The launch of BoseaLoan is a key step towards positioning MoMo from MTN as Africa’s leading digital platform for inclusive financial and digital solutions,” he said.

“This collaboration is not only about access to credit – it reflects our broader commitment to building a robust, inclusive financial ecosystem that fosters sustainable growth.”

He explained that customers could access the service by dialling *170#, selecting financial services, then loan services, and choosing BoseaLoan – a process designed to be simple, quick, and accessible.

Mr Bradwin Roper, Chief: Payments Partnerships at JUMO, noted that the company’s technology enabled high-value, low-cost financial products to be delivered at scale.

“Our AI-driven platform drastically reduces the cost of delivering financial services, helping banks and mobile operators reach customers long excluded from such opportunities,” he explained.

“Together with Fidelity Bank and MoMo from MTN, we are enabling smarter credit delivery grounded in deep data insights and a shared ambition to build economic resilience.”

The partnership among Fidelity Bank, MobileMoney Limited, and JUMO underscores the transformative potential of private sector collaboration in bridging the financial access gap and driving inclusive economic growth.

Fidelity Bank Ghana Ltd. is the largest privately-owned Ghanaian bank, operating 82 branches and serving over 2.5 million customers nationwide.

A trailblazer in financial inclusion, Fidelity was the first to introduce agency banking in Ghana and maintains a network of more than 8,000 agents across the country.

MobileMoney Limited, a subsidiary of MTN Ghana, has more than 17 million registered subscribers and provides mobile financial services including payments, remittances, savings, insurance, and loans.

Since its launch in 2009, the company has remained focused on advancing financial inclusion and economic empowerment.

JUMO, on the other hand, is a banking technology company that partners with banks, e-money operators, and payment providers to offer AI-led credit and savings products to entrepreneurs in Africa. Since 2015, JUMO has disbursed more than $7.7 billion across more than 242 million individual loans, reaching nearly 31 million customers in nine African countries.