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Safaricom wants Sh140,000 daily M-Pesa limit increased

Western Union regional vice-president Richard Malcom (left) and Safaricom Limited Chief Customer Officer Sylvia Mulinge.

By  CONSTANT MUNDA

Correspondent

Safaricom #ticker:SCOM has called for an increase of the daily mobile money transaction ceiling of Sh140,000, citing growing adoption of e-commerce in the country.

The giant telco says it is in talks with the Central Bank of Kenya (CBK) to double the daily limit owing to rapid evolution of the mobile money platforms from person-to-person payments to an e-commerce tool.

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