The CBK has supported this shift by granting approvals to Safaricom, Telkom Kenya, and Airtel Kenya to raise daily transaction and account limits.

Airtel's policy change allowed users to receive funds directly into their e-wallets without being compelled to withdraw within a week or risk having t...

The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.

The addition of M-Pesa Ratiba reaffirms Safaricom's commitment to its vision of transforming lives.

The bill seeks to force telcos to separate their mobile money services—M-Pesa, Airtel Money, and T-Kash—from voice, data, and SMS offerings.

The growth is mainly attributed to the upsurge in mobile money transactions and increased diaspora remittances in the period under review.

The value of money that was transacted in these deals went up to Sh788.35 billion in December, up from Sh707.55 billion in the previous month.

Airtel Kenya hopes the change expands its mobile money market.

CBK last year granted Safaricom, Telkom and Airtel approvals to increase the daily money transaction and account limits.