Kigali, Rwanda – MoMo Rwanda Ltd, in partnership with Yabx and I&M Bank, is proud to announce the official launch of K’avance, a new MoMo Overdraft Service designed to empower customers by enabling them to complete transactions even when their mobile money wallet has insufficient funds.
The launch took place on 3rd December at Mövenpick Hotel Kigali, marking an important step forward in our mission to make financial services more accessible and inclusive for all Rwandans.
K’avance is an overdraft facility that allows eligible MoMo users to carry out essential transactions—such as sending money, making merchant payments, or purchasing airtime—even when their account balance is too low to complete the transaction.
How to Access K’avance
Customers can access the K’avance service by:
1. Dialling *182*5*2#
2. Following the prompts to review and accept the Terms & Conditions
3. Receiving notification of their credit limit once approved, after which they can begin using K’avance
Speaking at the launch event, MoMo Rwanda Ltd CEO Chantal Kagame said:
“K’avance is another milestone in our journey to provide practical financial solutions tailored to our customers’ needs. We understand that access to small, timely credit can make a big difference in Rwandans’ daily lives, and K’avance is here to fill that gap.”
Puneet Chopra, Chief Growth Officer at Yabx Technologies, said:
“With K’avance, we’re addressing the real liquidity challenges faced by Rwandans in their daily lives. The service ensures that customers can access responsible, datadriven credit when they need it most—fostering inclusion, trust, and participation in Rwanda’s growing digital economy. Powered by Yabx’s advanced digital lending technology, K’avance is the first product of its kind in the market, combining cuttingedge innovation, local insight, and strong institutional partnerships to bring seamless access to financial support at the tap of a button.”
Benjamin Mutimura, CEO of I&M Bank (Rwanda) Plc, added:
“K’avance is a strong example of how innovation and strategic partnerships can unlock meaningful impact. With this collaboration, we are delivering solutions that are not only timely but also relevant to the evolving needs of our customers. We remain committed to driving inclusive innovation that brings formal financial services closer to everyday life.”
MoMo Rwanda encourages all customers to explore this service and take advantage of the convenience and flexibility it offers. Eligibility for K’avance is based on customer behaviour and scoring by TransUnion Rwanda, ensuring responsible access to credit.
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