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Wireless

Central Bank of Kenya ends free mobile money transfers below KES 1,000, still free below KES 100

Friday 18 December 2020 | 10:26 CET | News
The Central Bank of Kenya (CBK) has lifted the waiver on mobile money transaction fees under KES 1,000 from January. CBK says only mobile money transactions below KES 100 will be free, as providers reinstate sending fees. The regulator says that since the waiver was introduced, the monthly volume of person-to-person transactions increased by 87 percent between February and October. 

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Categories: Mobile & Wireless
Countries: Kenya
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