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Zambian neobank Lupiya to launch new debit card

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By Tom Jackson on September 18, 2024 Southern Africa, Startups

Zambian neobank Lupiya has partnered Network International, a leading enabler of digital commerce across Africa and the Middle East, to launch a new debit card.

Active in Zambia and Tanzania, Lupiya is an AI-driven neobank revolutionising financial inclusion through its online lending and digital payments platform. The platform leverages alternative data and machine learning models to assess creditworthiness, enabling individuals and businesses traditionally excluded by banks to access both credit and secure payment services. 

Lupiya offers a range of financial products, including personal loans, SME financing, and digital payments, and is now launching a debit card in partnership with Network, a digital payments company that serves governments, banks, public sector companies, fintechs, and merchants of all sizes. The company serves over 250 financial institutions and 130,000 merchants in more than 50 countries. 

The new debit card is e-commerce enabled, together with 3D Secure and tokenisation. This will help diversify Lupiya’s value proposition to include not only simplified lending, but also digital payments to its existing and growing new customer base.

“At Lupiya, we are driven by the mission to revolutionise financial inclusion across Africa. Our partnership with Network International represents a significant leap forward in providing secure, accessible, and innovative digital financial solutions. By launching an e-commerce enabled debit card with 3D Secure and tokenisation, we are empowering individuals and businesses to participate in the digital economy more effectively,” said Muchu Kaingu, CEO of Lupiya Pay.

“This collaboration is a testament to our commitment to delivering cutting-edge technology that enhances convenience and security for our customers, while driving economic growth and financial independence across the continent.”

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Tom Jackson
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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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