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Huge Relief to Kenyans With Bank Accounts After the Latest Court Ruling on Mobile Banking Charges


The 2020 Covid-19 pandemic led to the government ordering the Central Bank of Kenya to suspend transactions involving Banks and mobile money wallets.

Kenyans have been enjoying this as there have been no charges when transferring money from Bank to MPESA.

In a press release issued on December 6th 2022, the Central Bank of Kenya announced the return of Bank to MPESA transactions hinting that the new charges would be lower than the previous charges before the Covid-19 pandemic.


"The revised maximum charges for transfers from Bank Accounts to Mobile Money wallets would be reduced by on average up to 61 percent, and mobile money wallet to Bank account by on average up to 47 percent," CBK said.


In the latest development, the High Court has ordered Safaricom and CBK to suspend the reintroduction of transaction charges between Banks and mobile money.

According to Milimani Law Courts judge Mugure Thande he has said that the new order to suspend the charges will be effective on January 23rd when the matter will be mentioned for further directions.

Content created and supplied by: Boldblog (via Opera News )

Bank Central Bank of Kenya Covid-19 Kenyans MPESA


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