0
Wireless

NCBA denies any plans to cut M-Shwari fees

Thursday 1 October 2020 | 11:01 CET | News
NCBA Group, formerly the Commercial Bank of Africa, has differed with its partner Safaricom over the push to lower customer charges for M-Shwari loans, amid pressure for the state to curb unregulated digital mobile lenders who charge exorbitant monthly interest rates, Business Daily reported. The bank said there were no immediate plans to cut fees linked to M-Shwari, adding that it is focused on making digital loans competitive relative to similar products in the market place. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Safaricom's Fuliza reaches KES 350 bln in FY loans amid Covid-19 cash woes

Published 17 May 2021 10:02 CET | Kenya
Lending from Kenyan operator Safaricom's overdraft service Fuliza rose by 43.6 percent to KES 351.2 billion in the year ended 31 ...

Safaricom among 29 firms offering public transport fare system ahead of cash ban

Published 06 Jan 2021 10:33 CET | Kenya
Kenyan operator Safaricom is among a group of lenders and IT companies that have been licensed to provide cashless payments ...

Safaricom expects free M-Pesa transfers to be lifted by end of year

Published 10 Dec 2020 10:24 CET | Kenya
Kenyan operator Safaricom expects to be able to end Covid-related price cuts at its M-Pesa business at the end of the year, ...

Safaricom's Fuliza loans reach nearly KES 1 bln daily in H1 because of coronavirus

Published 06 Oct 2020 10:35 CET | Kenya
Safaricom subscribers more than doubled borrowings from the overdraft service Fuliza in the six months to June, as the Covid-19 ...

Safaricom plans new financial services for farmers and SMEs

Published 22 Sep 2020 11:21 CET | Kenya
Kenyan operator Safaricom is seeking to transform itself into a technology company, offering new financial services to anyone ...

Safaricom's Lipa Na M-Pesa exceeds 200,000 business users

Published 15 Sep 2020 11:15 CET | Kenya
Kenyan operator Safaricom said that the number of businesses using Lipa Na M-Pesa has exceeded 200,000. Lipa Na M-Pesa was ...

Safaricom simplifies USSD menu for M-Pesa services

Published 11 Sep 2020 10:20 CET | Kenya
Kenyan operator Safaricom has rolled out all its M-Pesa services on the star 334 hash menu, improving procedures from the current ...

Safaricom absorbs almost KES 3 bln monthly in lower transaction fees for small traders during pandemic

Published 07 Sep 2020 11:30 CET | Kenya
Kenyan operator Safaricom is forfeiting at least KES 2.7 billion every month in mobile money transaction fees to cushion small ...

Safaricom's M-Shwari raise minimum loan size to KES 2,000

Published 12 Aug 2020 09:32 CET | Kenya
Kenyan operator Safaricom and NCBA (formerly the Commercial Bank of Africa) have raised the minimum loan size on mobile lending ...





Calendar   /   Industry Events

02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug DZS Q2
02 Aug Harmonic Q2
03 Aug Infinera Q3 2021
03 Aug Akamai Technologies Q2 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Alibaba Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Bredband2 Q2 2021
03 Aug Sequans Q2 2021
04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Digi International fiscal Q3
04 Aug Roku Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
05 Aug Motorola Solutions Q2
05 Aug Frontier Communications investors meeting
::: More Calendar Items