M-Shwari is Changing – Here’s How
Offered by Safaricom in partnership with NCBA, M-shwari disbursed Ksh42 billion in the six months to June 2022, compared to Ksh44.8 billion disbursed over the same period in 2021. It is dwarfed by another of Safaricom's credit products, overdraft service Fuliza - which is also offered in partnership with NCBA - and disbursed Ksh288 billion in the first half of the year up from Ksh220.38 billion in the same period last year.
How Safaricom Messed Up With Mobile Loans – Michael Joseph Explains
Joseph, who was the company's CEO when it rolled out the pioneering mobile money service M-Pesa, explained that his vision was focused on driving savings - but corporate interests meant that lending was simply more profitable.
Telkom Challenges M-Shwari Dominance With New Mobile Loans
With the new product, Telkom will be looking to compete with Safaricom, which has market-leading mobile lending products in M-Shwari, KCB M-Pesa and Fuliza. In a similar set up to Safaricom's lending products, Telkom's offering will be offered in partnership with a financial institution.
Former Safaricom CEO Takes A Swipe At Fuliza
Fuliza, an overdraft facility offered by NCBA Bank and KCB through Safaricom's M-Pesa is one of the fastest-growing overdraft facilities in Kenya. According to data from the two lenders, Kenyans borrowed Ksh578 billion from the facility in 2021, or Ksh1.58 billion daily. While this is...
Safaricom’s New 5% Loan Offer – All the Details of Halal Pesa
The five percent margin makes Halal Pesa a cheaper source of credit than M-Shwari - another Safaricom mobile loan product offered in partnership with NCBA Bank. Like M-Shwari, Halal Pesa will be accessible as a mini-app within M-Pesa.
NCBA Overhauls M-Shwari Core Infrastructure
The bank partnered with leading Chinese bank software firm, MuRong Technology and Huawei to create a world-class hardware and software infrastructure