Safaricom seeks unit trust, insurance launch approval

A woman stands outside a Safaricom shop on Kimathi Street on July 4, 2019. PHOTO | SALATON NJAU | NMG

Safaricom #ticker:SCOM is seeking regulatory approvals to launch insurance, unit trust and saving products as it races for a larger piece of the financial services market and tap more earnings from mobile money platform M-Pesa.

The telco has been testing the three products dubbed Bima (Insurance), Mali (mobile savings) and a unit trust investment product.

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