0
Wireless

WorldRemit caps mobile money fee

Thursday 16 April 2020 | 10:25 CET | News
WorldRemit has capped transaction fee for mobile money services globally including Kenya, irrespective of the amount the customer is sending, reports Business Daily. WorldRemit customers now a flat fee of KES 105.34 for any transaction. It had been charging KES 211.74 for transacting USD 100, KES 318.14 for sending USD 200 and KES 637.33 for sending USD 1,000.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Safaricom / WorldRemit
Countries: Kenya
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Safaricom loses M-Pesa revenue as customers split transfers to benefit from free transactions for small sums

Published 08 Jul 2020 11:05 CET | Kenya
Kenyan operator Safaricom says its M-Pesa customers are avoiding transaction costs by splitting high-value transfers, resulting ...

Kenyan active mobile money subscriptions exceed 29 mln in Q3

Published 02 Jul 2020 10:07 CET | Kenya
The number of registered active mobile money subscriptions stood at 29.1 million and the number of active mobile money agents ...

Central Bank of Kenya faces protest over extension of free money transfers

Published 30 Jun 2020 10:14 CET | Kenya
Telecommunication companies and banks have protested against the Central Bank of Kenya's extension of free mobile money ...

Telkom Kenya shuts down 90% of T-Kash mobile money agents

Published 10 Apr 2020 09:49 CET | Kenya
Telkom Kenya has shut down almost 90 percent of its T-Kash mobile money agent network, reports The Standard. According to the ...

Kenya P2P money transfers hit KES 684.5 bln in Q4

Published 31 Mar 2020 11:54 CET | Kenya
Kenyan Person to Person transfers over mobile money platforms hit KES 684.5 billion in the fourth quarter of last year, according ...

PesaLink waives all transaction charges for next 90 days

Published 24 Mar 2020 10:38 CET | Kenya
Integrated Payments Service Limited (IPSL) has announced that all PesaLink transactions will be free with immediate effect until ...

Safaricom waives M-Pesa transactions fees, increases daily limit

Published 17 Mar 2020 08:27 CET | Kenya
Kenyan operator Safaricom announced that it customers can send and receive up to KES 1,000 through M-Pesa for free until June. ...

MTN Group targets 16 mln users of Ayoba messaging app by end-2020

Published 13 Mar 2020 10:43 CET | Africa
MTN Group says it aims to have 16 million users of its Ayoba messaging application before the end of 2020, reports BusinessTech. ...

WorldRemit partners with Wizall Money to launch mobile money transfer service to Senegal

Published 28 Jan 2020 14:21 CET | Senegal
WorldRemit has joined forces with Wizall Money to launch a mobile money transfer service to Senegal. WorldRemit customers in over ...

Airtel Africa and Western Union sign money transfer deal for mobile wallets

Published 22 Jan 2020 14:05 CET | Africa
Airtel Africa and Western Union have launched a remittance service to allow customers to send and receive international money ...





Calendar   /   Industry Events

27 Jan AT&T Q4 2020
27 Jan Corning Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan MediaTek Q4 2020
27 Jan Uptime
28 Jan Rogers Communications Q4 2020
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Crown Castle Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
28 Jan Samsung Electronics Q4 2020
29 Jan Airtel Africa Q4 2020
29 Jan Charter Communications Q4 2020
29 Jan Ericsson Q4 2020
29 Jan Telia Q4 2020
29 Jan NEC fiscal Q3
01 Feb NXP Semiconductors Q4 2020
01 Feb Harmonic Q4 2020
01 Feb On Semiconductor Q4
01 Feb Cirrus Logic Q3
02 Feb Viavi fiscal Q2
02 Feb Alphabet Q4 2020
02 Feb FireEye Q4 2020
02 Feb Telenor Q4 2020
02 Feb Vodacom fiscal Q3
02 Feb Tele2 Q4 2020
::: More Calendar Items