After the Central Bank of Kenya (CBK) announced the reintroduction of bank-to-mobile transaction charges beginning on January 1st, Kenyans have always been eager to know the amount charged on every transaction in this tough economic climate. Transaction charges were slashed in March following the outbreak of the COVID-19 pandemic to encourage the non-physical exchange of money as a way of containing the further spread of the virus.
According to the Central Bank of Kenya, the introduction of charges aims to improve the country's financial system and facilitate the transition to sustainable growth of the mobile money system. CBK stated that the mobile money and bank transactions will be announced by the respective banks.
Yesterday, the Kenya Commercial Bank (KCB) declared their transaction charges on their official Twitter account, something that was not welcomed by most citizens. Below is the tweet.
Due to the tough economy in the country at the moment, Kenyans saw it as another burden for the government to reintroduce such extra transaction charges. The following are some of their replies.
It is the hope of every citizen that the current Ruto government will improve the cost of living to relieve the burdens that the citizens are facing in such tough economic times.
What do you think about the reintroduction of such transaction charges by the government?
Content created and supplied by: Sir~benk (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More