0
Wireless

Safaricom's Fuliza could lend KES 200 billion in first year, making it major lender - analysts

Monday 4 March 2019 | 13:29 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Safaricom's M-Pesa customers are projected to borrow up to KES 200 billion through its new Fuliza overdraft service over the next year, reports the Standard, citing Sterling Capital analysts. This will give Safaricom one of the biggest loan books in the country, it said. Analysts expect Fuliza to generate KES 21 billion in revenues over a year and net 2 million new M-Pesa subscribers for Safaricom, it said.

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

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 regrets M-Shwari encouraged more borrowing than saving

Published 28 Oct 2019 09:29 CET | Kenya
Kenyan operator Safaricom's interim CEO Michael Joseph has expressed disappointment at the direction some of its mobile credit ...

Safaricom plans to take Fuliza service to 7 more countries

Published 19 Mar 2019 10:28 CET | Kenya
Kenyan operator Safaricom has announced plans to take its M-Pesa overdraft service, Fuliza, to seven other African countries, ...

PesaPal launches Pesapal Mobile for range of payment services

Published 06 Mar 2019 09:33 CET | Kenya
PesaPal says it is launching a new application to aggregate payments for essential and leisure services. PesaPal Mobile enables ...

Airtel-Telkom should tie up with Equitel to compete with Safaricom's M-Pesa - analysts

Published 26 Feb 2019 14:24 CET | Kenya
Airtel-Telkom will only stand a chance against Safaricom's mobile money service M-Pesa if the merged entity pairs up with Equity ...

Safaricom runs top-up and M-Pesa transaction promotion with KES 250 million prize fund

Published 20 Feb 2019 11:06 CET | Kenya
Safaricom has announced a ten-week promotional campaign called "Shukrani Kocho Kocho Kenya Nzima", which will reward more than 5 ...

KAPS to enable M-Pesa parking payment

Published 08 Feb 2019 10:16 CET | Kenya
Kenyan operator Safaricom has partnered with KAPS to enable motorists across the country pay for their parking with the mobile ...

Kenyan mobile money transactions rise 10%, equal to 44% of GDP

Published 28 Jan 2019 09:19 CET | Kenya
Mobile money transactions reached KES 3.98 trillion in 2018, up by 10 percent or KES 346 billion from 2017, according to the ...

Safaricom overdraft service reaches 1 mln users in 8 days, CEO would welcome any Telkom takeover by Airtel

Published 18 Jan 2019 10:03 CET | Kenya
Safaricom has signed up 1 million users for the overdraft feature on the M-Pesa platform in the eight days since its launch, ...

Safaricom offers Fuliza overdraft facility to all M-Pesa users after pilot

Published 09 Jan 2019 10:09 CET | Kenya
Kenyan operator Safaricom has rolled out the Fuliza overdraft facility for all its 24.2 million M-Pesa mobile money subscribers ...

Safaricom subscriber seeks compensation for M-Pesa downtime, threatens possible class action suit

Published 12 Dec 2018 09:39 CET | Kenya
Kenyan operator Safaricom is facing a possible suit after M-Pesa went down on 08 December, reports The Star. Subscriber Martin ...

Safaricom wants daily M-Pesa limit increased

Published 08 Nov 2018 09:47 CET | Kenya
Kenyan operator Safaricom has called for an increase of the daily mobile money transaction ceiling of KES 140,000, citing growing ...

Safaricom introduces M-Pesa transaction overdraft 'Fuliza'

Published 05 Nov 2018 10:09 CET | Kenya
Kenyan operator Safaricom will introduce an overdraft facility for customers, after M-Pesa and data services pushed up its ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
27 Oct Telefonica Brasil Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Telecoms World Asia 2020
28 Oct Cognizant Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Ribbon Communications Q3
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
::: More Calendar Items