CBK plans to slash mobile money fees by more than half

The Central Bank of Kenya (CBK) plans to slash the cost of sending money by mobile phone, a vital service used by millions of Kenyans daily.The move aims to halve transaction fees within four years to cushion households and boost the use of formal financial services.Get Full Access for Ksh299/WeekUnlock the Full Story — Join Thousands of Informed Kenyans TodayUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

The move aims to halve transaction fees within four years to cushion households and boost the use of formal financial services.Get Full Access for Ksh299/WeekUnlock the Full Story — Join Thousands of Informed Kenyans TodayUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

Subscribe to our newsletter and stay updated on the latest developments and special
offers!

Pick your favourite topics below for a tailor made homepage just for you