Safaricom’s Fuliza Service Crippled as Automatic Repayment System Crashes
Safaricom’s track record on service reliability has generally been solid, though not unblemished.
Safaricom’s track record on service reliability has generally been solid, though not unblemished.
Safaricom has outlined specific steps customers can take to increase their Fuliza loan limits amid growing frustration from M-PESA users experiencing stagnant borrowing capacities for extended periods. The telecommunications giant’s clarification comes after numerous customers expressed concerns about unchanged Fuliza limits, with some reporting limits as low as KSh 100 to KSh 300 that have […]
Telco operator Safaricom Plc. Wednesday announced an improved performance, posting 12.1 percent growth in net earnings in the first six months of the year, despite the Covid-19 concerns. The firm saw net profit grow to Sh37.1 billion covering the period between April and September compared to Sh33 billion it announced in a similar period last […]
The concept of money lending has been in existence for millennia. Since the commencement of trade, human beings have, on occasion, found themselves on economically unequal situations where one cannot always afford to pay for what they need. It is for this reason that in early civilisations, farmers would borrow seeds and repay with grain […]
For those who hold bank accounts in NCBA and KCB you might want to pay keen attention to this. M-Pesa users who default on their Fuliza loans will have access to their funds in M-Shwari and KCB M-Pesa accounts blocked or used to settle their outstanding balances. This is according to an update to the […]
Reports by Citizen Weekly indicated that the differences between the Head of State and his Deputy are not political as many people perceive, but the course of their rift is economical after the two disagreed on the financial firm that was to be picked to roll out Safaricom’s multibillion Fuliza program after the 2017 general […]