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Fuliza defaulters to have KCB, M-shwari accounts blocked as Safaricom tightens rules

Mpesa shops [Courtesy]

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.

This is according to an update to the terms and conditions that will give Safaricom the mandate to hold onto users’ funds on the two mobile money accounts in the event users default on the overdraft facility.

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Fuliza Safaricom