Banks, Safaricom defy court on cash transfer fees

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A cashless transaction via M-Pesa. FILE PHOTO | NMG

Banks and mobile money operators have proceeded to levy fees for transferring cash between their platforms despite the existence of a temporary High Court order suspending the charges.

The interim order was issued on December 19, 2022, but fees on bank-to-mobile transactions resumed on January 1 and have continued nevertheless.

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