Safaricom has more than tripled the daily transaction limits on its mobile money platform to Sh500,000 after receiving the central bank’s approval, strengthening its capacity to compete with commercial banks in the lucrative digital payments market.
The telco has also allowed individuals and businesses to hold half a million shillings in their M-Pesa wallets from Tuesday as mobile money evolves from person-to-person payments to an e-commerce tool.
