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Top banks eye billions from mobile transaction fees
M-PESA Super App for Safaricom customers, with an “Offline Mode” and “Mini Apps” that enable customers to use the M-PESA Super App and complete transactions even without data bundles or when totally offline. PHOTO | DIANA NGILA | NMG
Banks are set to grow their revenue by billions of shillings once they reinstate charges on bank-to-mobile transactions at the start of next year.
The Central Bank of Kenya (CBK) announced on Monday that lenders would resume charging on the transactions, adding that the fees would be reduced by a range of between 45 per cent and 61 per cent.
