The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.
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.
Fuliza is not necessarily a savings and borrowing platform but an overdraft. However, on its launch in 2019, it has grown to even surpass M-Shwari, a savings and borrowing facility by Safaricom.
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