Customer deposits in mobile phone account M-Shwari hit Sh571.1 billion as Kenyans increasingly turned to the service for savings and borrowing. The deposits, which rival savings held in top banks, ...

NCBA #ticker:NCBA and Safaricom #ticker:SCOM have raised the minimum loan size on the mobile lending platform M-Shwari four times to Sh2,000 in a move expected to reduce defaults largely by borrowers ...

Commercial Bank of Africa (CBA) plans to increase the maximum amount of money customers can borrow through M-Shwari by five times. Currently, an M-Shwari customer can borrow up to Sh20,000 depending ...

While M-Shwari, a mobile banking service offering both savings and loan products, disbursed a total of Ksh 787 billion in loans. Since its launch in 2017, NCBA’s Loop B2C platform has steadily grown, ...

SAFARICOM's mobile bank account M-Shwari customers are depositing an average Sh200 million daily, according to its operators. M-Shwari which is a product operated by the mobile phone service firm in ...

Safaricom’s overdraft facility, Fuliza, has taken less than three years to capture the digital lending market. But the telco’s climb to the pinnacle of the market segment has been anything but smooth.

From today, M-Pesa customers in Kenya will have access to interest bearing saving accounts and have the ability to take out small loans through a new service, called M-Shwari. This is the next step in ...

An injunction sought by Faulu Kenya, a Kenyan micro-finance provider, to shut down Safaricom’s M-Shwari mobile banking service – pending the outcome of a court case – has been dismissed by a judge ...

Safaricom and Commercial Bank of Africa launched an adults only product named M-Shwari this week and it immediately caused quite a stir in the market. M-Shwari stormed the market instantly beating the ...

In case of lending (specifically small value lending) the manner in which it is done, has not seen change for a very long period of time possibly since inception. Till a few years back and in 99 % of ...