Old Mutual Launches Fintech Business

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 Old Mutual Zimbabwe Limited (OMZIL) has launched its Fintech business, Old Mutual Digital Services (Private) Limited (OMDS), a subsidiary that will provide mobile money services, insurtech, investech, digital lending, e-commerce, payments and digital products and services for the retail mass market.

OMZIL Group CEO Samuel Matsekete said, “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”.

Mr. Matsekete added that digital transformation is a strategic imperative for Old Mutual Zimbabwe as we continue our quest to serve our customers better each day. “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”, said Mr. Matsekete.

Prior to his appointment as Managing Director of Old Mutual Digital Services, Arthur Matsaudza was 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.

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