Sharp Daily
No Result
View All Result
Tuesday, June 24, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Safaricom, Partners Announce 40 Percent Decrease in Fuliza Tariffs

Domenic Ntoogo by Domenic Ntoogo
September 28, 2022
in News
Reading Time: 1 min read

Safaricom, NCBA and KCB banks have announced new Fuliza tariffs with a discount of up to 40 per cent.

In addition, borrowers will be given a grace period of 3 days after the overdraft, before which the maintenance charges will start accruing.

Borrowers of between Ksh. 100 and Ksh. 1000 will get a 40 per cent discount.

Ksh. 1000 will attract maintenance charges of Ksh. 6 from the current Ksh. 10, with Ksh. 500 attracting Ksh. 3 charges daily from the current Ksh. 5.

RELATEDPOSTS

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

Read: NCBA Reaps Billions From Fuliza, M-Shwari

Customers withdrawing more than Ksh. 1000 will receive lower rates, with those with between Ksh. 2500 and Ksh. 70 000 will receive a 16.7 per cent discount.

However, borrowers must settle their current loans at the previous rates before enjoying the new tariffs.

The three partners have termed the revised rates as aimed at achieving financial inclusivity among Kenyans.

Fuliza Mpesa was launched in 2019 by Mpesa, KCB and NCBA to help customers access extra amounts on top of their M-Pesa balance.

Since being launched, Fuliza has established itself as one of the most dominant mobile loan providers registering an average of Ksh. 1.5 million disbursements daily in 2021 and 2022.

 

Previous Post

KBL’S John Musunga Appointed CEO Guinness Nigeria

Next Post

President Ruto Announces New Roles For Deputy President , Prime CS

Domenic Ntoogo

Domenic Ntoogo

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024