The Nigerian online loan provider Kwikmoney which is also known as Kwikcash has become Migo, the news came to my phone a few hours ago but the question is, why do they have to switch from Kwikmoney and Kwikcash to Migo?

Well, Immediately I received the notification, I moved to find out why they have to change their name and to find out if there is anything new to the system but I was not disappointed because the switch looks like an upgrade. However, they didn't disclose whether they sold, merged or just upgraded their platform to the public but they have added more options which I will be sharing with you today.

What is Migo (Kwikmoney)

Migo formally known as Kwikmoney and Kwikcash is a platform designed to lend long and short term loans to individuals and cooperate bodies. Getting a loan from Migo only takes a few seconds and a few clicks, if you wish to know more on how to get a loan from Migo (Kwikmoney) then you need to read Kwikmoney Quick Loan, All you need to know.

According to them, Migo is a cloud-based platform that enables companies to offer credit to their customers, augmenting traditional bank and payment card infrastructure. Companies like banks, telecommunications operators and merchants integrate Migo in their apps and Migo underwrites customers to provide them with a digital account and credit line. The customers can use this credit line to make purchases from a merchant or withdraw cash without the need for point-of-sale hardware or plastic cards.

What's new and why switching to Migo is an Upgrade

Kwikmoney and Kwikcash were specifically designed for loan offers but Migo has more to offer and from what I can see, Migo is not just a money lending platform but also an online payment processor that will be used to receive and make payment. similar to Quickteller.

Different name the same services and more

If you have been using Kwikmoney to get a quick loan then the same option is still available on Migo and the process has not changed either. To get a loan on the new platform you simply have to visit migo.money/get-a-loan and follow the process. Migo has a new option (Pay with Migo), this feature enables you to make payment to other platforms using Migo, you call to pay for utility bills such as electricity bills, GOtv, etc.

Migo for Business partnership

Migo is open for business partners as they designed a new platform that adds a layer of credit to your existing product offering, eliminating failed transactions and opening up more revenue streams.

Using Migo as a Merchant
Accepting Migo payments help grow your revenue by increasing the purchasing power of your customers.

Migo as Payment Gateways
Augment your value proposition to merchants and customers like by offering credit-based payments.

Useful to Banks
Grow your retail banking business with a variety of credit-driven products that will delight your customers