Treasury prepares to slash M-Pesa charges

safaricom plc


Business Daily | by Charles Mwaniki


The Treasury is working on a proposal to cut M-Pesa transfer charges in a move that looks set to hurt Safaricom’s revenues from a service that makes more money than voice.

Treasury Cabinet Secretary Ukur Yatani told the Senate that there was need to make M-Pesa cheaper at a time when the mobile money platform has become deeply entrenched in Kenyans’ business and daily lives…

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