Enterprising Kenyans have already registered a range of Fuliza domains hoping to squeeze a coin coming from Safaricom.
The faceless individuals have reserved fuliza.com which can be being sold for Sh100 million ($1 million), fuliza.co.ke for Sh10 million ($100,000) in addition to filiza.co.ke.
Fuliza can be an overdraft facility launched by Safaricom on January 7, This particular year in addition to enables M-Pesa customers to send or complete mobile payment transactions even if their M-Pesa balance can be below the required amount.
inside first week of its launch, more than one million customers signed up in addition to had borrowed Sh1 billion.
Reserving domains in addition to social media handles can be a trick used by techies worldwide to blackmail companies in addition to celebrities into buying them.
For instance, hours after Airtel in addition to Telkom Kenya announced a merger last week, the Twitter handle @AirtelTelkom in addition to @telkomairtel_ke were immediately reserved.
Gotta buy in which
— Telkom (@AirtelTelkom) February 8, 2019
They have to buy This particular
— TelkomAirtel_ke (@telkomairtel_ke) February 8, 2019
In most cases, though, the companies often call bluff on such individuals by either approaching the tech companies in addition to having the handles given to them or opening totally different channels.
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Profiteering Kenyans selling Fuliza domain for Sh100m