Millions of Kenyans using M-Pesa and other mobile money services could be earning interest on their deposits were it not for a 2014 law that blocked it, making Kenyans the only ones missing out on earning from their mobile money deposits.
In other African countries, including Uganda and Tanzania, mobile money customers earn interest on their balances, making it similar to saving in a bank, a new report by the International Monetary Fund (IMF) reveals.
