TransUnion Mobile Service KenyaTransUnion has launched a mobile-based credit reference service that enables Kenyans to access their credit information.  TransUnion Nipashe is a SMS short code platform that provides consumers with up-to-date information about their credit rating, Capital News reported.

The mobile credit reference service comes against the backdrop of a rapidly growing micro-lending ecosystem through mobile phones. M-Shwari, for instance, has extended KES 29 billion in unsecured loans in two years.

Through the TransUnion service, consumers can gain an instant view of their credit standing and can request a more detailed report. The service costs KES 50 to register and KES 19 for a message on whether their credit status is “good” or “default”. The credit report will provide more detail, including the names of all credit institutions and facilities the consumer is active with, how payments are being made, whether any accounts are in arrears, and how long they have been in arrears.