Bayport Financial Services Zambia Limited is a mass market credit provider whose primary clients are salaried employees of private entities and public service workers. The company also offers local money transfer services through its product called Kwachamover launched in May 2010.
Bayport Financial Services Zambia Limited is regulated by the Bank of Zambia and prides itself with excellent customer service delivery systems that have played a critical role in the company’s success over the years. The company has close to forty (40) branches countrywide with a dominant presence in all the nine (9) provinces.
The Kwachamover product is a mass market product that is expected to promote financial inclusion for the greater public by providing access to a secure and efficient local money transfer product to both the formal and informal sectors.
The product is therefore not restricted to individuals in the formal sector as is the case with loans.