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WorldRemit caps fees on mobile money

London-based money remittance firm WorldRemit has capped transaction fee on its mobile money services across its markets including Kenya. FILE PHOTO | NMG

By  Bonface Otieno

Nation Media Group

Business Reporter

London-based money remittance firm WorldRemit has capped transaction fee on its mobile money services across its markets including Kenya irrespective of the amount a customer is sending.

The move, aimed at deepening mobile money usage amidst the outbreak of coronavirus, will see WorldRemit customers pay a flat fee of Sh105.34 ($0.99) in all transactions effective immediately.

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

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