The waiver of fees on mobile-money transfers below Ksh. 1,000 is to cease from January 1, the Central Bank of Kenya has said.
A statement released on Thursday indicated that charges for transfers between banks and mobile will remain.
“Following consultations with Payment Service Providers (PSPs), CBK will allow the emergency measures to expire on December 31, 2020, and PSPs will introduce revised pricing structures from January 1, 2021,” the Central Bank said.
CBK however noted that there will be no charge for person-to-person transfers of up to Ksh. 100 to any customer and network.
In addition, there will be no charges for transfers between mobile money wallets and bank accounts.
