Top banks urge CBK to reinstate M-Pesa fees



Business Daily | by Constant Munda


Kenya’s top banks have renewed push for the regulator to reinstate charges on transfers of money between bank accounts and mobile money wallets, citing heavy investments in digital technology to keep pace with growing transactions.

KCB, Equity and Absa reckon the waiver of fees on bank-to-mobile phone transactions triggered an increase in transactions as dominant micro and small-sized businesses embraced the digital channels…

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