mobile money transaction fees Stories

CBK proposes cap on mobile money fees to ease transfer costs
CBK proposes cap on mobile money fees to ease transfer costs
Lucy Mumbi  |  Sep 30, 2025

The proposal aims to reduce the average cost of person-to-person (P2P) mobile money transactions from Sh23 in 2024 to Sh10 by 2028, while capping char...

Mobile money transactions jump to Sh8.7 trillion after slow growth in 2023
Mobile money transactions jump to Sh8.7 trillion after slow growth in 2023
Maureen Kinyanjui  |  Feb 04, 2025

The previous year saw mobile money growth slow to its lowest rate in four years, largely due to a 25 per cent hike in taxes on transactions.

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