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Coming soon: Safaricom eyes Fuliza for businesses

Safaricom, M-PESA Managing Director and acting Chief Financial Services Officer Sitoyo Lopokoyit (left) interacts with Everline Moraa an eggs vendor in Kawangware. [David Njaaga, Standard]

Safaricom plans to extend its overdraft facility, Fuliza, to businesses in a move that looks set to increase the daily lending for the product beyond the current Sh1.34 billion.

The telco says it has applied to the regulator and is awaiting approval before rolling out Fuliza for business in what will be an improvement on the current product, which is only open to individual subscribers registered as M-Pesa users.

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