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Kenyans top global uptake of mobile money-based app loans

The report from the international association for mobile network operators GSMA shows 36 percent of Kenyans acquired loans through their phones in 2021.

Edna mwendaCentral bankMobile money based app loansM shwariKcbm pesa

Move over M-Shwari and KCB M-Pesa, Fuliza now the new lending king

It started with M-Kesho the ill-fated product launched by the mobile service provider in partnership with Equity Bank in 2010.

Joshua oigaraJohn gachoraSitoyo lopokoiyitEquity bankChief executive john gachoraExecutive joshua oigaraPesa africa managing director sitoyo lopokoiyitM keshoM shwariM pesaKcbm pesa

M-Shwari deposits hit Sh571 1bn on increased savings

Customer deposits in mobile phone account M-Shwari hit Sh571.1 billion as Kenyans increasingly turned to the service for savings and borrowing.

Equity bank kenyaBank kenyaM shwari

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