Browsing: NCBA Fuliza deal

  • Kenyans have reacted to the news that Safaricom would restructure its popular Fuliza overdraft facility
  • Under the deal, customers will be able to borrow less than KSh 1,000 and not pay a maintenance fee for the first three days
  • Safaricom and its partners, KCB Group and NCBA Group said the move would benefit more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit

Kenyans have reacted to the news that Safaricom would restructure its popular Fuliza overdraft facility, allowing customers borrowing less than KSh 1,000 not to pay a maintenance fee for the first three days.

On September 28, 2022, Safaricom and its partners, KCB Group and NCBA Group, said the move would benefit more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit.

Safaricom also said customers who borrow above KSh 1,000 would also get a 10 …