Search Results for: M-Shwari
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News
What the M-Shwari Outage Revealed About Kenya’s Reliance on Mobile Money and the Fragility Beneath It
For hours, M-Shwari users found themselves cut off from one of Kenya’s most familiar digital banking tools. The outage didn’t…
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BUSINESS
NCBA Issues M-Shwari Loan Limit Fraud Warning Amid Rising Mobile Lending Scams
M-Shwari is cautioning its customers to steer clear of anyone promising to “unlock” or “boost” their loan limit. The mobile…
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BUSINESS
Safaricom and NCBA Differ on Lowering M-Shwari Interest Rates
Amid pressure to cub predatory mobile lending platforms from the regulator, Safaricom and its partner NCBA have differed on cutting…
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News
M-Shwari Raises the Minimum Loan Limit to Ksh 2000
M-Shwari, a mobile lending product from Safaricom in partnership with NCBA, has raised its minimum loan limit to Ksh 2000.…
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News
As Banking Goes Fully Digital, Kenya’s Lenders Return to the Ground to Rebuild Connection and Trust
The story begins with a phone. What started as a tool for calls and social chatter became the main gateway…
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BUSINESS
Co-op Bank Joins Kenya’s Digital Overdraft Race With Kamilisha
When the Co-operative Bank of Kenya rolled out its new overdraft product, Kamilisha, it wasn’t just launching another loan facility.…
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News
As Kenya’s Phone Banking Race Intensifies, Apps Begin To Redefine Everyday Money
Phones changed a habit and then a system. Over recent years the handset stopped being just a tool for calls…
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News
CBK’s KESONIA Model Explained: What Kenya’s New Loan Pricing System Means For Mobile Loans And Digital Banking
For years, borrowers have complained about the mismatch between Central Bank policy and the rates they actually face in banking…
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News
Mobile Money Savings Growth in Africa Marks a Turning Point in Sub-Saharan Finance — Here’s Why It Matters for the Future
Sub-Saharan Africa has become the epicenter of mobile money—and now, it’s starting to change something even more fundamental than how…
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News
NCBA Digital Loan Disbursements Hit KES 307 Billion in Q1, 2025
NCBA Group has recorded a significant growth in its digital lending business, disbursing KES 307 billion in digital loans in…
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News
NCBA Disbursed KES 751 Billion In Digital Loans in Q3 2024
NCBA Group disbursed KES 751 billion in digital loans in the third quarter of 2024, an 8% increase compared to…
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News
NCBA Bank Kenya Wins 2024 Global SME Finance Award
NCBA Bank Kenya has been named the winner of the 2024 Global SME Finance Award solidifying its position as a…
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News
CBK Licenses 7 More Digital Credit Providers
The Central Bank of Kenya (CBK) has issued operating licenses to 7 new Digital Credit Providers (DCPs). This now brings…
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News
Safaricom now lets you withdraw your Fuliza balance at M-Pesa agents
Fuliza, the overdraft facility from Kenya’s leading telco Safaricom is one of the most popular digital loans and its ease…
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News
Safaricom, NCBA back President Ruto’s push to delist loan defaulters from CRB list
Safaricom, NCBA bank and other partners have agreed to back the government’s plan to delist Kenyans who are negatively listed…
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News
Telkom Kenya Joins the Mobile Lending Frenzy With T-Kash Loan
Mobile service operator Telkom Kenya is gearing to launch a mobile loan service to take a slice of the fast-growing…
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BUSINESS
Safaricom’s Mobile Money Service M-Pesa Crosses 30 Million Monthly Active Customers in Kenya
Safaricom’s mobile money service M-Pesa has crossed 30 million customers using the service every month in Kenya. The milestone comes…
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Apps
Safaricom Updates MySafaricom App With New Features
Safaricom’s MySafaricom App update has brought with it a range of new features. The most notable of the bunch is…
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News
NCBA Loop has become a complete mess
We need an NCBA Loop alternative, we need it now. Loop has become a mess, a complete mess. CBA launched…
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COLUMNS
[Column] Mobile Lending – Non-traditional data in credit decision making
Retail lending in Kenya has taken a unique path. It has skipped some stages typical for developed markets and climbed…
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BUSINESS
Safaricom Customers Being Conned Using Telco’s Official Number
Looks like fraudsters are always devising new ways to con people on the Safaricom network. A number of users are…
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BUSINESS
M-Pesa puts Safaricom on Fortune Magazine’s 2018 Change the World List of Companies
Safaricom has been recognized in Fortune Magazine’s 2018 Change the World List of Companies for its efforts in tackling society…
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COLUMNS
How can Africa’s financial services industry become more mobile?
The mobile has proven itself as a major disruptive power within Africa’s financial services industry. Around a billion African consumer…
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BUSINESS
Safaricom’s Lipa Na M-Pesa ranked top In Cashless Transactions
With less than a year after it was introduced, Safaricom’s Lipa Na M-PESA has been ranked as the most preferred…
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