Safaricom seeks CBK deal on free M-Pesa

A woman stands outside a Safaricom shop on Kimathi Street on July 4, 2019. PHOTO | SALATON NJAU | NMG

Safaricom #ticker:SCOM and commercial banks are seeking a deal with the Central Bank of Kenya (CBK) to avoid a unilateral regulatory extension of free M-Pesa and mobile banking transactions amid the spike in Covid-19 cases in the country.

The telecommunications firm and the banks are pushing for the CBK to involve them should the regulator decide to extend the tenure of free transactions beyond end of December.

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