The new service dubbed M-Shwari is set to allow Safaricoms subscribers to save money and access short-term credit from CBA. M-Shwari users will not be required to directly open a bank account with CBA.
In recent news, Commercial Bank of Africa (CBA), has selected global payment services company TSYS to launch US dollar-denominated Visa credit cards in Africa using the latter’s PRIME card management solution.
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