End of Sh 1000 and below mobile money transfer ahead of 2021 tough times -CBK


MPESA shop in Kenya photo

 

CBK  declares the end of free Sh 1000 and below transfer money subscribers ahead of 2021 tough times.

 On a statement made on Thursday, December 17, CBK announces that the waiver will come to an end on December 31, 2020.


In a press statement, the regulator adds that only Ksh100 and below to continue being in the free tariff.

" Expiry of Emergency Measures to Facilitate Mobile Money Transactions and the Introduction of Principles to Guide Pricing, " CBK said.


“To facilitate the integration of Savings and Credit Societies (SACCOs) with the mobile money ecosystem, SACCOs regulated by the SACCO Societies Regulatory Authority (SASRA) may levy a charge for transfers between SACCO accounts and mobile money wallets,” said CBK in their Thursday statement.

 

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