Safaricom Plc launched an overdraft facility that will see businesses borrow up to Sh400,000.
Dubbed Fuliza ya Biashara, the product will apply when making transactions from a Lipa Na M-Pesa business till to other till numbers and pay bill numbers, when sending money to an individual, and when withdrawing to the nominated number or at an Agent.
The service will advance an overdraft of up to Sh400,000 with a 24-hour interest-free period.