
Afrogazette News
June 18, 2025 at 04:33 AM
📰 *POSB Payday Loan Offers Relief for Everyday Financial Pressures*
The People’s Own Savings Bank (POSB) has introduced a new mobile loan product aimed at widening access to short-term credit, providing customers across Zimbabwe with immediate, paperless access to emergency funds.
The facility, known as the POSB Payday Loan, allows users to borrow up to USD100 using any mobile phone—no smartphone or internet connection required.
It is accessible via *223# for Econet subscribers and *222# for NetOne and Telecel users, with no paperwork, guarantor or employer involvement necessary.
Launched to ease financial pressures such as rent, school fees, groceries, and transport, the loan is processed instantly and offers full discretion and instant access.
Customers can withdraw cash, transfer funds to mobile wallets, or swipe at tills—all through a secure, automated platform available 24/7.
*Full story here* https://www.afrogazette.co.zw/posb-payday-loan-offers-relief-for-everyday-financial-pressures/
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