M-PESA charges to be raised
01 February 2013, 15:23
Nairobi - The Standard reports Safaricom has announced that it will raise charges for mobile money transfer through M-PESA by 10 percent on transactions of more than KES 100.
This follows a move by the government to charge 10 percent duty for all money transfer services provided by cellular phone providers, banks, money transfer agencies and other financial service providers.
Safaricom CEO, Bob Collymore however said on Friday that the government’s move to introduce duty on mobile money transfer was premature as it would affect many Kenyans who are in need of basic financial services.
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