Kenya Commercial Bank has resumed lending via the popular KCB M-Pesa mobile banking platform after days of service disruption. Chief executive Joshua Oigara said a technical hitch occurred after KCB M-Pesa was temporarily disengaged when upgrading the system and while carrying out a quality assurance exercise. “KCB M-Pesa was still offering most of the banking services despite the hitch. “KCB M-Pesa loans will now be charged 1.16 per cent per month, down from six per cent previously. KCB M-Pesa, a joint initiative of KCB and Safaricom, is among the most popular and largest savings and micro credit platforms.

Source: The Star September 29, 2016 00:25 UTC