Banks, Safaricom free to collect cash transfer fees as row rages

dnNyeriagency2301a

Signage showing agency banking and mobile money transfer services. FILE PHOTO | JOSEPH KANYI | NMG

Banks and mobile money operators are now free to levy fees for transferring cash between their platforms after the High Court declined to extend an order suspending the charges.

Justice Mugure Thande declined to extend the freeze saying Safaricom and the Central Bank of Kenya (CBK) were not yet parties in the case.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.