Discover and read the best of Twitter Threads about #fuliza

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.@SafaricomPLC plans to take #Fuliza to businesses and is awaiting approval before rolling out #FulizaforBusiness in what will be an improvement on the current product, which is only open to individual subscribers registered as M-Pesa users. - @StandardKenya
#Fuliza and overdraft facility allows customers to access unsecured credit by overdrawing on M-Pesa to cover short-term cash flow shortfalls, subject to predetermined limits.
M-Pesa Africa Managing Director @Sitoyo Lopokoiyit said in a recent call with investors and financial analysts that #FulizaforBusiness is among the products @SafaricomPLC is seeking regulatory nod for, including a phone-based wealth management product named #Mali.
Read 17 tweets
.@SafaricomPLC customers can now buy airtime through the telco’s overdraft facility Fuliza which was launched in 2019 to address the issue of failed transactions on M-Pesa. - @BD_Africa
It will enable users access significantly larger airtime amounts than they currently can through Okoa Jahazi.
This marks a significant expansion of the overdraft by the telco which has quickly become one of the largest money-makers for the company since its launch in early 2019.
The service is an alternative to the credit overdraft facility Okoa Jahazi that allows users to borrow airtime when their balance reaches below Sh5 and are charged a facility fee of 10% on each round of borrowing.
Read 8 tweets
I have used @SafaricomPLC's #Fuliza in the past few weeks to learn it. Its a saviour when you are in a jam - at the supermarket when you're short, when you need to send mum something and your MPESA is dry, when fuel is running out and the month is at the corner...
What you cannot do with #Fuliza: buy credit, pay KAPS parking (*486*1#) or use any of the short codes, pay your Mshwari loan... (essentially you cannot pay for any of the @SafaricomPLC services)...

Yesterday I went to Naivas and when I finished and needed to pay for parking, 😳
But be very aware of the costs. Its serious costs for a useful service. Look at the screenshots here carefully. You will have to pay a one time fee & interest on the overdraft.

@SafaricomPLC have not disclosed the tarrifs in an easy to find way. See FAQs.
Read 9 tweets

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