NCBA Group #ticker:NCBA has differed with its partner Safaricom #ticker:SCOM over the push to lower the customer charges on M-Shwari loans amid pressure for the State to curb unregulated digital mobile lenders who charge exorbitant monthly interest rates.
The bank said there were no immediate plans to cut the fees linked to M-Shwari, adding that it’s focused on making the digital loan competitive relative to similar products in the market place.
