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A few days ago, Safaricom reported that its overdraft mobile money service - Fuliza- had risen by over 30 per cent in the first half of 2022.
The amount disbursed was almost Sh70 billon more compared to the same period last year. The estimates on how people use this service which is accessible through M-Pesa, a mobile money transfer services by telecommunication company Safaricom, is that Kenyans 'borrow' Sh1 billon daily.
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