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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...
MARTIN SIELE
The five percent margin makes Halal Pesa a cheaper source of credit than M-Shwari - another Safaricom mobile loan product offered in partnership...
MARTIN SIELE
In the event of default of the loan the Treasury will cover 25 percent of the credit.
MARTIN SIELE
The bill places digital lenders under the ambit of CBK much like commercial banks, saccos and micro-finance institutions.
MARTIN SIELE
The suspension of digital lenders from CRB reporting had seen a massive decline in the volumes of loans they issued. According to the...
MARTIN SIELE
In one of the biggest changes proposed in the bill, meant to curb the high interest rates offered by the apps - CBK...
MARTIN SIELE
In 2018, there were 7 million active mobile phone loan accounts valued at over Ksh60 billion
Samuel Gitonga
![Capturing market share will be a tall-order for Telkom, whose mobile money service T-Kash commands a mere 0.1% of the market according to CBK data. [Photo/ TechArena]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/06/images-2022-06-27T114817.508.jpeg?fit=640%2C480&ssl=1)
![Among other things, digital lenders have been accused of exploitative lending, debt shaming, money laundering and illegal mining of private customer data. [Photo/ Cathryn Virginia | NBC News]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/07/earnin.jpg?fit=680%2C381&ssl=1)
