In a blog post, Zazu said “We have some incredible news. 12 months ago we set out on an exciting journey: to simplify the way people understand and interact with financial services.”
“Six months ago we released a platform to teach people how money really works and have gone on to reach over 6 000 people across Zambia in only 4 months. Today, we are incredibly excited to announce that Zazu is now a licensed Payments System Business by the Bank of Zambia.”
The firm said this is a significant milestone in the journey and one that brings it closer to achieving its vision.
“While we have been waiting for the regulatory approvals, we have continued building out our product. Obtaining this licence now allows us to test it with a selected group of users before a public launch. It also means we can now start building our back office support structures and over the next few weeks, we will be welcoming people across customer service, finance, risk & compliance roles.”