Billions behind battle to keep bank charges

KCB Bank

KCB Kipande branch in Nairobi.

Photo credit: File | Nation Media Group

Local banks earned a reprieve as fees on transfers between bank accounts and mobile wallets were temporarily returned.

The return on fees was however short-lived with banks and mobile money providers being forced by a court order to suspend the fees pending the hearing and determination of a suit challenging the return of the fees.

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