Absa to cut rates if bank to mobile fees reinstated

Absa Bank along Muindi Mbingu Street in Nairobi.

Photo credit: File | Evans Habil | Nation Media Group

Absa Bank Kenya #ticker:ABSA chief executive Jeremy Awori says the bank will revise bank to mobile transaction fees downwards if the Central Bank of Kenya (CBK) re-introduces the fees that have been frozen for two years.

The regulator waived the fees to offer financial relief to customers in the wake of the Covid-19 pandemic in mid-March 2020.

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