Wednesday
November 28
2018

Commercial Bank of Africa, Safaricom partner to provide overdraft for mobile loans

By Elizabeth Kivuva

Commercial Bank of Africa has partnered with Safaricom to launch an overdraft product for mobile money service, M-Pesa.

The service, Fuliza will add to the existing 30-day term loan, M-Shwari enabling mobile money customers to complete transactions that would have otherwise failed due to insufficient funds.

Photo courtesy of Scott Mainwaring.

Source: The Star, Kenya (link opens in a new window)

Categories
Finance
Tags
digital payments, fintech, mobile money, Safaricom