Court Gives Nod to Levy Fees on Bank-to-Mobile Transactions

Justice Mugure Thande declined to extend orders compelling Safaricom and the Central Bank to suspend the reinstatement of charges for bank-to-wallet transactions. This means financial institutions and mobile money operators can now levy fees for transferring cash between their platforms. Justice Mugure said the application to join the regulator, and the telcos are yet to … Continue reading Court Gives Nod to Levy Fees on Bank-to-Mobile Transactions