The waiver on mobile money transaction fees under Sh1,000 has lapsed, turning the spotlight on the Central Bank of Kenya (CBK) which had pushed banks and telcos to adjust prices because of the economic slowdown caused by the global Coronavirus pandemic.
The 90-day deal with the government lapsed last week and Safaricom #ticker:SCOM, which owns M-Pesa, says it is awaiting direction from CBK on the free services, which has seen the Nairobi bourse listed company lose an average of Sh1.7 billion monthly since mid-March.
