Mpesa and Kenya’s 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 businessdailyafrica.com/bd/corporate/c…
Safaricom’s chief executive, Peter Ndegwa, said the telco was in advanced talks with the CBK over the resumption charges on low-value M-Pesa transactions.
“We are not ready at this stage to announce when the free cash transfers end as we are still in engagements with the CBK,”
“We are not ready at this stage to announce when the free cash transfers end as we are still in engagements with the CBK,”
”Safaricom reckons that the FREE M-Pesa transfer cost it Sh9 billion in the six months to June, which saw the firm report a 6% drop in net profit to Sh33.07 billion—the first fall in nine years.”
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