Safaricom’s revenues from its popular overdraft facility Fuliza have dipped by 8.3 percent to Sh5.4 billion in the year to March following the slashing of the fees on the platform.
The revenue stood at Sh5.9 billion the year before. The telco in October last year reduced the daily charges on overdraft loans, with the fee on borrowings of between Sh1,000 and Sh1,500 dropping to Sh18 from Sh20.
