Old Mutual Zim launches integrated fintech venture

CEO Samuel Matsekete | #175years #175Africa | By Old Mutual Zimbabwe | Facebook — Samuel Matsekete

Old Mutual Zimbabwe Limited has launched an integrated Fintech business, Old Mutual Digital Services (Private) Limited, which will provide mobile money services, digital lending, e-commerce, payments and digital products, promoting financial inclusion.

The company, which is owned by Old Mutual Zimbabwe Limited, has been formed to drive a positive impact in the lives of customers and provide digital-first solutions that reduce barriers to access and align with evolving market trends.

OMZIL Group CEO Samuel Matsekete said digital transformation is a strategic imperative for Old Mutual Zimbabwe as they continue their mission to serve their customers better each day.

“We are pleased to launch the fintech business, which we have designed to extend innovative integrated financial solutions and to promote financial inclusion everywhere in Zimbabwe.

“This initiative also asserts our commitment to be our customers’ first choice to sustain, grow and protect their prosperity.

“It is my pleasure to announce Arthur Matsaudza as the OMDS Managing Director. He is supported by a professional and innovative team that is very committed to making a positive difference to those we serve. OMDS operates as a legal entity, governed under a duly constituted board. Gloria Zvaravanhu chairs the OMDS Board”, Mr Matsekete said.

Prior to his appointment as Managing Director of Old Mutual Digital Services, Arthur Matsaudza served as the Executive, Digital Platforms Old Mutual Africa Regions and Group Executive for Digital and Data in Zimbabwe.

Mrs. Gloria Zvaravanhu, the OMDS Board Chairperson, is an experienced business executive and a chartered accountant. She is the current Managing Director for the general insurance business, Old Mutual Insurance Company.

OMDS is seeking to expand beyond traditional financial services through a product offering designed to meet the everyday needs of its customers.