Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Top banks urge CBK to reinstate M-Pesa fees
Safaricom employee displays the M-Pesa money transfer service on a smartphone inside a mobile phone care centre in Nairobi on November 22, 2018. PHOTO | AFP
Kenya’s top banks have renewed push for the regulator to reinstate charges on transfers of money between bank accounts and mobile money wallets, citing heavy investments in digital technology to keep pace with growing transactions.
KCB #ticker:KCB , Equity #ticker:EQTY and Absa #ticker:ABSA reckon the waiver of fees on bank-to-mobile phone transactions triggered an increase in transactions as dominant micro and small-sized businesses embraced the digital channels.
