Tag: Fuliza

Safaricom Earned KES 107.7 Billion from M-PESA in 2022 as Customers Snub M-Shwari for Fuliza

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Safaricom has many ways of making money. However, its biggest asset has been M-PESA, and all other products and services associated with it. The...
Fuliza

You will Now Pay Less for Fuliza Overdraft

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Fuliza, which was introduced in 2019 in a partnership between Safaricom, NCBA, and KCB now has new discounted tariffs. The overdraft facility now has...
Fuliza M-Pesa

These Are Safaricom Fuliza Charges for 2022

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Safaricom’s overdraft facility Fuliza was launched back in 2019. It has grown to become of the company’s leading revenue generators, and for good reason. It is...

Counting the Psychological and Financial Cost of Safaricom’s Fuliza

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Data from operator Safaricom reveals that millions of Kenyans are using its overdraft facility, Fuliza. Introduced back in 2019, the facility has grown substantially and...
Loan Apps Kenya

Mobile Loan Defaults See A Drop in Mobile Money Subscriptions

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Sector stats for Kenya’s telecoms space have been released by the Communications Authority of Kenya (CA). These are numbers for the first quarter of the...

Fuliza Among the Most Preferred Credit Facilities in Kenya

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Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional...

Safaricom Engineer Charged for Illegally Adjusting Fuliza Limit

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A Safaricom engineer has been charged by the telco for tampering with Fuliza, the carrier’s overdraft facility. According to reports first seen by the Star,...

Safaricom In The Process of Launching Fuliza For Businesses

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Safaricom is in the process of expanding its overdraft facility Fuliza to include business applications. The facility, for now, is only available to M-PESA customers...
Fuliza

Safaricom Expands Fuliza Usage to Include Airtime Purchases

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Fuliza was introduced more than 2 years ago. The overdraft facility has proved to be an integral part of Safaricom’s portfolio of M-PESA products, following...
Fuliza

Safaricom Fuliza Revenue More Than Double the Profits From M-Shwari, KCB M-PESA at KES 2.8 Billion

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Safaricom has three primary loan products; Fuliza, which it co-owns with NCBA and KCB, KCB M-PESA, and M-Shwari that it also runs alongside NCBA. Fuliza...
Fuliza M-Pesa

It is Likely Fuliza Defaulters’ NCBA and KCB Bank Accounts Will Be Used as Collateral

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The other day, we learned that telco Safaricom has revised its overdraft facility’s terms and conditions that will be effective from November 14, 2021. The...
Fuliza

NCBA and KCB To Use Respective Accounts, Including Mshwari and KCB M-PESA to Clear Fuliza Owed

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Fuliza has been around for nearly three years now. The overdraft facility helps Safaricom M-PESA customers complete payments or send cash to another person if...
safaricom

New Safaricom Charges for Calls, SMS, Data, Fuliza, and Home Fibre

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The new Excise Duty has gone into effect (as of July 1, 2021), following an amendment of the Finance Act, 2018. The adjustment saw...
Fuliza

Fuliza Revenue Overtakes KCB M-PESA, M-Shwari, Makes 4.5 Billion for Telco

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Safaricom has several savings and lending products, some of which are co-owned with other lenders in the country. More than one year ago, the carrier...
KCB Group CEO

KCB CEO Oigara Hints Launch of Streamlined Loan Product with Safaricom

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KCB and Safaricom are working on a product that will see M-Shwari, KCB M-PESA, Fuliza and M-PESA as a whole create a single platform...

Safaricom Processes 5.73 Fuliza Request Per Second, Serves 15M Smartphones

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Safaricom held its Sustainable Business Report today. The meeting is its 9th and focused on a theme Resilience Through Transition as the carrier reported...

Safaricom Raises M-Shwari Loan Limit to KES 2000

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Safaricom will no longer be issuing less than KES 2000 amounts in M-Shwari loans after raising the value to KES 2000 from KES 500. Smaller loan requests will be completed as Fuliza.
Fuliza M-Pesa

Why a Possible Fuliza Interest Reduction is Misleading for Safaricom Customers

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Safaricom announced unaudited financial results for the six months ended September 30, 2019. The numbers were impressive after the carrier made a killing from...
Fuliza

Fuliza Set to Net Safaricom, CBA and KCB Group KES 21 Billion in Revenues in One Year

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While some of us may have received Safaricom’s overdraft facility Fuliza in bad light, the product, which for the most part is very handy, is...

The Unforeseen Consequences of Safaricom’s Overdraft Facility Fuliza

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A couple of weeks ago, telco Safaricom released an overdraft facility referred to as Fuliza. Owing to the carrier’s vast reach and robust marketing...
Fuliza M-Pesa

Safaricom’s Fuliza Overdraft Facility Issues KES 1.5 Billion Days After Launch

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Safaricom’s overdraft facility Fuliza was announced in late 2018 and went live a few days ago. The product has proved its popularity, both from...

Safaricom Brings Back Fuliza on MySafaricom App

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MySafaricom app has become the one stop shop to access Safaricom services and frankly, it is quite convenient. You can access services ranging from...
Fuliza M-Pesa

How to Use Fuliza, Safaricom’s Overdraft Facility; Service Fees and Repayment Process

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During the announcement of Safaricom’s Half Year results in November 2018, Safaricom made a series of announcements, including the launch of an overdraft...
Fuliza M-Pesa

Fuliza, Safaricom’s M-Pesa Loan Facility Goes Live After CBK Approval

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At the beginning of the month, Safaricom announced Fuliza, an overdraft facility on M-Pesa that would give M-Pesa customers access to an overdraw on their account...
Fuliza M-Pesa

Safaricom’s Fuliza Interest Rates And Other Details You Need to Know

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What you need to know about Fuliza, a Safaricom mobile overdraft service for bills and sending money.
Bob Collymore

Safaricom to Introduce Fuliza, an Overdraft Facility on M-Pesa Transactions

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During the announcement of the company's Half Year results, Safaricom took the opportunity to announce that they will be introducing overdrafts on M-Pesa, the...