Safaricom #ticker:SCOM is considering lowering the customer charges on its M-Pesa overdraft facility, Fuliza, and M-Shwari loans amid pressure for the State to curb unregulated digital mobile lenders who charge exorbitant monthly interest rates.
The telecoms operator reckons it wants to lower the costs of accessing the borrowing products as part of a larger plan that will see more features added on the M-Pesa platform including insurance and wealth management.
