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Bank Responses from Twitter after High Court Suspends Bank to Mpesa Charges

In Kenya, people have been able to send money from their banks to mobile money wallets for free for more than two years to pay school fees or manage their finances from home.

However, both banks and mobile money providers were dissatisfied with the directive because it was free hence did not make a profit from such a transaction.

Being put in place by the Central Bank of Kenya at the start of the year 2020.

We all know that was the year of the pandemic hence a lot was to be done online.

As a result, telecommunications companies such as Safaricom began lobbying the CBK to reinstate the charges.

In his ruling, Justice Mugure Thande ordered telecommunications companies and the Central Bank of Kenya to suspend the charges that went into effect on January 1, 2023.

The decision was made pending the hearing of a case filed by activist Moses Wafula, who claimed that President William Ruto's government made mistakes in the re-introduction process.

Banks responded to Kenyans on Twitter as follows below.

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

CBK Central Bank of Kenya High Court Kenya Safaricom


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