Safaricom seeks CBK deal on free M-Pesa


Business Daily | by Patrick Alushula

Safaricom and commercial banks are seeking a deal with the Central Bank of Kenya (CBK) to avoid a unilateral regulatory extension of free M-Pesa and mobile banking transactions amid the spike in Covid-19 cases in the country.

The telecommunications firm and the banks are pushing for the CBK to involve them should the regulator decide to extend the tenure of free transactions beyond end of December.

The CBK announced the removal of charges on M-Pesa transactions of up to Sh1,000 from March 16 until June 30…

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