Airtel Money plans overdraft service to break Safaricom’s Fuliza monopoly

Airtel Kenya plans to launch a digital overdraft service on Airtel Money, setting up its first direct challenge to Safaricom’s Fuliza, which dominates Kenya’s short-term mobile credit market.

Kenya’s second-largest telco told Business Daily on Wednesday that it is in advanced stages of securing regulatory and partner approvals and aims to roll out the product in Q1.

The service…