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Bad News to Fuliza Defaulters As Safaricom Tighten Rules, Blocks KCB and M-shwari Accounts

Safaricom is one of the largest telecommunications company in East and Central Africa. The company enjoys large customer base thanks to amazing product Safaricom offers to its customers. One of the product that Safaricom offers is M-Pesa

Many people use the service to pay for utility bills, pay for goods and services, pay for school fees, buy airtime among other services. M-Pesa also allows users to send and receive money, save through Mshwari and KCB M-Pesa.

In addition Fuliza service is also another product of M-Pesa. The service enables M-Pesa users to send money even if they have less than what they want to send. However, many people have abused the service. Many customers have defaulted paying their Fuliza loans.

"M-Pesa users who have defaulted on their Fuliza loans have now been dealt with a major blow if the latest move by safaricom is to go by. The defaulters will have their M-shwari and KCB M-Pesa account blocked or used to settle the outstanding loans," read the statement

M-Pesa users who default on their Fuliza loans will have access to their funds in M-Shwari and KCB M-Pesa accounts blocked or used to settle their outstanding balances.

Content created and supplied by: Gabbymedia (via Opera News )

East Fuliza KCB M-Pesa Safaricom

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