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Safaricom unveils savings platform in war with banks

M-Pesa has around 20 million active users in Kenya. FILE PHOTO | NMG

By  OTIATO GUGUYU

Safaricom #ticker:SCOM is rolling out a new savings service on its M-Pesa platform in the telco’s latest onslaught on the banking sectors.

The company has started testing the new product that will allow M-Pesa users to invest and earn a 10 percent annual interest, which will accrue daily.

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