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

Monday 4 March 2019 | 13:29 CET | News

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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.

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
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