mobile money transaction fees,mobile money transactions Stories

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.

Airtel Money's market share grows as M-Pesa sees decline
Maureen Kinyanjui  |  Jan 28, 2025

M-Pesa's share is now at its lowest since the regulator began tracking market share in September 2022, when M-Pesa had a commanding 96.8 per cent shar...

Kenyans ditch bank cards in favour of cash and mobile payments - report
Lucy Mumbi  |  Dec 19, 2024

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

Kenya's mobile money transactions hit record Sh6.5 trillion
Maureen Kinyanjui  |  Nov 19, 2024

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...

Era of wash wash? Alarm over increased money laundering as suspicious transactions surge
Alfred Onyango  |  Nov 12, 2024

Data from the report shows a significant surge in the number of transactions flagged as potentially linked to money laundering, underscoring a worryin...

Safaricom rolls out standing order feature for M-Pesa users
Maureen Kinyanjui  |  Oct 01, 2024

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

Want to defeat M-Pesa scammers? Master transaction codes
Alfred Onyango  |  Aug 18, 2024

Fabricated mobile money transfer messages have been used to con unsuspecting victims of their money.

Somalia introduces new tax on electronic money transfers
Abdirahman Khalif  |  Jul 13, 2024

Somalia records over 155 million mobile money transactions monthly, and over 70 per cent of adults in the country use mobile money services.

Finance Bill 2024: Committee seeks oral, written views ahead of public hearing
Vincent Ombati  |  Jun 04, 2024

National Assembly Clerk Samuel Njoroge said on Tuesday that the public hearing will be held on June 10 at the Kenyatta International Convention Centre...

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