Save

Save is a mobile financial app built for unbanked and underbanked people in Rwanda who rely on trusted friends or family savings groups to save, borrow, and make everyday payments.

Key capabilities include:

• Group savings with goals and accountability, designed for social savings partners, with up to 6% interest on savings.
• Instant loan requests and approvals within savings groups, plus access to low-cost instant loans based on a social credit score; loan approvals can also be done via USSD when internet access is unavailable.
• Payments tools to send money to contacts and pay bills such as electricity, water, and TV subscriptions.
• Virtual credit cards for online purchases, with a claim of up to 80% savings on transactions.

Available on Android, iOS, and USSD via *777# (the website also references SAVE Collector and SAVE Dashboard access options).

It targets B2C users, especially people who want an alternative to traditional banking through collective saving and community-based credit.

Notable in the Rwandan market context, the service is licensed by BNR and states that deposits are insured by Access Bank.