Nation | by Peter Mburu
The Central Bank of Kenya (CBK) has reinstated charges for mobile banking transactions involving bank-specific mobile wallets in a move that will affect thousands of Kenyans who have been using the platform to make various transactions.
The resumption of charges on all transactions above Sh100 will mostly affect Savings and Credit Societies (Saccos) customers who mostly use their in-house money wallets to withdraw, deposit, send and perform other transactions.
“CBK has noted that the Sacco sector is deeply integrated to these wallets and accounts for…
