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Radio Generation Kenya

Safaricom

Sh629 billion borrowed through fuliza as users hit 9.1 million
Business

Sh629 billion borrowed through fuliza as users hit 9.1 million

Introduced in 2019, Fuliza allows M-Pesa customers to complete transactions even when their wallet balance is insufficient, as long as they stay within a credit limit set based on their transaction history. The service operates in partnership with NCBA and KCB Bank, who underwrite the loans, ensuring that users can cover shortfalls when sending money, withdrawing cash at M-Pesa agents, paying bills, or buying airtime.

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