Sasfin together with money transfer company Hello Paisa have launched a low-cost banking product to rival others in the mass market segment.

Hello Paisa is a subsidiary of the Hello Group that began life offering international calling cards before growing to become a mobile virtual network operator selling SIM cards and airtime through its own distribution network. Since 2015, it has operated a money transfer business which has served about 400,000 customers.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now