Skip to main content

FULIZA MPESA


Fuliza M-PESA is a new service which allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their account.
1. What is Fuliza M-PESA? 

This is a service that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their M-PESA account. 
 
2.What are the requirements and how do I activate Fuliza M-PESA Service?
You need to be an M-PESA registered customers with an active Safaricom line. Dial *234#
and select Fuliza M-PESA to opt in.
3. How many accounts can I hold for Fuliza M-PESA services?
Every M-PESA registered line will be treated as a different account. Each mobile number
will qualify for Fuliza M-PESA and will be awarded a limit. This limit will be reviewed every
3 months depending on your usage.
4. How will I know my Fuliza M-PESA account details?
Dial *234# and Select Fuliza M-PESA to check your limit, balance, mini statement and opt
out option. Every time you transact using Fuliza, you will receive an sms with the
outstanding Fuliza amount.
5. How many times can I use Fuliza M-PESA?
You can use it as many times as needed as long as you are within the allocated Fuliza MPESA limit.
6. Which M-PESA transactions can I complete using Fuliza M-PESA?
 Lipa Na M-PESA: Buy goods and Paybill as well as Send money.
7. How do I use my Fuliza limit?
All you need to do is transact normally on M-PESA and if you have insufficient funds, Fuliza
M-PESA will cover the shortfall.
8. How do I grow my Fuliza M-PESA limit?
Continue using Safaricom and M-PESA services frequently and repay Fuliza M-PESA on
time by toping up your M-PESA account.
C3 - Safaricom Confidential Internal
9. Can I withdraw money from Fuliza?
No, you cannot withdraw funds from Fuliza M-PESA.
10. How much will I be charged for using Fuliza M-PESA?
You will be charged 1% access fee and a maintenance fee on the outstanding
balance as per below table. Normal M-PESA transaction charges apply.
Band Tariff
Promotional Tariff for
30 day from launch
0 -100 One-time fee of Ksh 2 One-time fee of Ksh 0
101-500 Ksh 5 per day
501-1000 Ksh 10 per day
1001-1500 Ksh 20 per day
1501-2500 Ksh 25 per day
2501-70000 Ksh 30 per day
11. How will I repay my Fuliza M-PESA?
Any funds received or deposited in your M-PESA account will automatically be used to
clear your outstanding Fuliza M-PESA.
12. What is the minimum and maximum amount I can send using Fuliza M-PESA?
M-PESA limits apply as below;
 Transaction limits 1- 70,000/=
13. Will I get money reversed if I send/pay to a wrong number/till and had used Fuliza MPESA?
M-PESA reversal process applies as long as the recipient has not utilized the funds.
You can also initiate reversal by sending the M-PESA SMS to 456
NB: Transactional charges will not the reversed. Outstanding Fuliza M-PESA amount
will continue to attract the daily fee of 0.5%
14. Is Fuliza M-PESA a loan product?
No. This is a continuous overdraft service that allows you to complete M-PESA
transactions when you have insufficient funds.
C3 - Safaricom Confidential Internal
15. Are there any Penalties for late repayment?
You will not have access to your Fuliza M-PESA limit if you have any unpaid balance after
day 30. This will however be restored on full repayment of your Fuliza balance.

Comments

Post a Comment

Popular posts from this blog

MPESA CHARGES

These are the new Mpesa rates after the government increased tax on mobile money transfers by 2% on July 1 st  2018. The fees include  Mpesa withdrawal rates  for ATM and Agent withdrawals. Safaricom Kenya  has flexible M-pesa tariffs and fees: some services attract no charge. All Mpesa deposits are free. The maximum you can send is Ksh 70,000 per transaction and Ksh 140,000 per day. Use the  Mpesa charges calculator  to get actual Safaricom Mpesa rates for any amount within the allowed limits. Below is the Safaricom Mpesa charges  MPESA CHARGES /. M-PESA charges will depend on the amount you are sending or withdrawing. You can use your M-PESA menu to buy airtime for your phone, or for someone else. This service is free and you will only pay for the airtime purchased. NOTE: Maximum Account Balance is KSHs.100,000 Maximum Daily Transaction Value is KSHs.140,000.Maximum per transaction is KSHs.70,000 You cannot withdraw les...
Post a Comment
Read more

A look at how a playground may pose Fatal Injuries to children.

A look at how a good playground offers more than just fun and games We associate playgrounds with fun, games and exercises. However, danger lurks in playgrounds. Parents of young children should be on the look out to avoid injuries that would otherwise be avoided if proper care is undertaken. It’s always entertaining and a thrill for your child to go play on the playground. According to the emergency medicine physicians’ group, litter, rusty inadequately maintained equipment and bars. Automatically make the playground dangerous place for the children. Permanent disability Shocking statistics from the US Center for Disease Prevention and control indicate that more than 200,000 children receive emergency treatment each year from playground-related accidents. These figures portray a rapid surge in recent years compared to previous years. A Further devastating analysis shows that approximately 20,000 of these injuries are head related injuries including concussions and traum...
Post a Comment
Read more