According to a post shared by Citizen TV Kenya on their tweeter handle, safaricom CEO, Peter Ndegwa, at the onset of 1st of October, all customers will enjoy Fuliza free of the daily maintenance fee for transactions below Ksh. 1000 and below 3 days. In addition, he has promised to reduce the daily maintenance fee by 50% for Fuliza.
At the media briefing that happened at Norfolk Hotel Nairobi where president Ruto was in attendance, revamped fuliza policies were unveiled. Among the policies are discounted fuliza tariff whose effectiveness is set to be starting on 1st October 2022.
Mr. Ndegwa has said these revamped policies will impact 80.0% of the company Fuliza business. Nevertheless, he has recognized H.E William Ruto, whose government support has made it possible and has inspired the company to reduce its Fuliza rates as part of the commitment to provide Kenyans with sustainable and affordable credit.
The Fuliza service was introduced in 2019 and has become popular among Kenyans in helping them meet essential needs like shopping, rent and other essential bills when there is insufficient money in their M-Pesa wallets.
Disclosures by NBCA Group and KCB Group show that the service has deepened its share in digital loans as customers get increased borrowing limits.
These revamped policies aims at reducing number of defaulters who cry woes to unbearable daily maintenance fees on a successful Fuliza request.
Addressing CRB was among of the commitments President Ruto promised Kenyans during inauguration.
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