Mobile money cross-network transfer fees fall 75pc

An M-Pesa user withdraws cash from a Safaricom agent. FILE PHOTO | NMG

Cross-network money transfer charges have fallen by up to 75 per cent after interoperability went live Tuesday between Safaricom and Airtel.

Transaction fees between the two mobile money wallets is down by between 40 per cent and 75 per cent compared to what was previously charged.

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Note: The results are not exact but very close to the actual.