Absa Bank Kenya has increased transaction limits on its Timiza mobile wallet to Sh250,000, up from the previous Sh150,000, just weeks after rival platforms that include Airtel Money and Safaricom’s M-Pesa made a similar move.
Making the announcement, the lender’s head of digital channels Steve Omamo said the move, following regulatory approval by the Central Bank of Kenya (CBK), was in line with the recent changes in mobile money transaction limits as well as evolving consumer needs.
