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Telcos charge more on high value transfers to banks

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Airtel Money and M-Pesa tariffs are close but transferring Sh100 or less is free. PHOTO | NMG

By  Edna Mwenda

Business Reporter

Nation Media Group

Telecoms companies Safaricom and Airtel are charging more for high-value mobile-to-bank transfers than what it costs for withdrawals from bank accounts to mobile wallets.

M-Pesa and Airtel Money charges range from Sh0 to Sh105 compared to the bank rates which are from Sh0 to Sh81 for transfers of up to Sh150,000.

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