Business Daily | by Edna Mwenda
Safaricom has partnered with Gulf African Bank to introduce a Shariah-compliant mobile finance service that will see the bank earn a five percent profit.
The bank will disburse the cash –up to a maximum of Sh20,000— and will recover the amount plus the five percent margin.
The repayment period is 30 days on the platform dubbed Halal Pesa and which is built out of the telco’s mobile money platform M-Pesa…
