Case Study: Mobicred launches South Africa’s first online-only revolving credit facility with Progress Corticon

Mobicred launches online credit facility in 4 months with Progress Software

Progress Software's customer, Mobicred, faced the challenge of developing South Africa's first online-only revolving credit facility to compete with major payment options. The goal was to create a mass-market, retail-aligned product that could perform real-time application assessments and credit granting while complying with complex local regulations.

Progress Software, through its partner MIP Holdings, provided the Integrated Lending Solution built on the Progress Corticon Business Rules Management System and the Progress OpenEdge platform. This solution accelerated time to market, allowing Mobicred to launch in just four months. The system's agility enables real-time credit decisions within 2-3 seconds, providing a critical competitive advantage in the fast-paced online retail environment.