The Emirates Integrated Telecommunications Company, known as Du, the mobile communications and technology provider, has recently entered into partnership with MODE, the financial technology platform, focused on emerging markets.
The partnership provides the 4.5 million of Du customers with an access to Air Credit Service – MODE’s foundation product. ACS is effectively a cashless micro loan, typically around $1.00 or less, which is repaid from the next mobile phone top-up. It allows users to continue accessing mobile phone services even when they have run out of their prepaid airtime, data or sms package and enables a subscriber to continue to stay seamlessly connected.
MODE is the global leader in ACS, with 35 live operations carried out in partnership with 10 Telco’s on 3 continents.
Cooperation with Du is a huge step for MODE towards expanding to the Middle East.