- Retail merchants using Safaricom Lipa na Mpesa accessed $241 million in overdrafts, thanks to a partnership with KCB Group.
- The new Merchant Overdraft product allows small businesses to access unsecured credit to manage cash flow shortfalls.
Nairobi, Kenya – Retail merchants using the Safaricom Lipa na Mpesa mobile payment platform have accessed $241 million (Kes32 billion) in overdrafts valued along their cash flow, as KCB Group and Safaricom partner to enhance last-mile digital visibility.
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