Airtel bank money transfer charges higher than M-Pesa in most bands

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Airtel Kenya Ltd headquarters located along Mombasa Road, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

Bank customers are paying more to transfer cash to Airtel Money compared to M-Pesa on most transaction bands.

The lenders resumed charging on bank-to-mobile cash transfers on Sunday, slashing the fees substantially compared to the pre-pandemic era as part of an agreement with the Central Bank of Kenya (CBK).

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