Nation | by Otiato Guguyu
Safaricom has cut low value M-Pesa transaction fees by up to 45 per cent in line with a deal agreed with the Central Bank of Kenya (CBK) that ended free mobile phone money transactions of up to Sh1,000.
It will now cost Sh6 to send between Sh101 and Sh500, down from Sh11. Transactions of between Sh1,501 and Sh2,500 will cost Sh32, down from Sh41.
The telco is betting on volumes to cover for the low fees after the waiver of charges on…
