Barclays launches mobile loan app

Jeremy Awori. FILE PHOTO | NMG

Barclays Bank of Kenya #ticker:BBK has launched a new mobile loans service dubbed Timiza, increasing the competition in the lucrative micro lending segment.

Timiza is entering a crowded field of commercial bank-backed lending apps such as M-Shwari, Equitel, M-Co-op Cash, and KCB #ticker:KCB M-Pesa.

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