Safaricom raises alarm over turning paybills into tax registries

Safaricom CEO Peter Ndegwa.

Photo credit: File | Nation Media Group

Safaricom says it is deeply concerned about the State’s plans to turn mobile money paybills and till numbers into a tax collection registry to weed out tax evaders and boost revenue by billions of shillings.

The telco says the government should be cautious of denting the progress made in the digitisation of payments even as it seeks to expand the tax base, warning it might hurt the use of M-Pesa paybills and till numbers.

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Note: The results are not exact but very close to the actual.