Browsing Tag
Mobile Money
3 posts
CBK moves to slash M-Pesa, Airtel Money fees
The CBK's new policy proposal aims to nearly halve the average cost of a mobile money transaction to KES 10 by 2028, down sharply from the 2024 baseline of KES 23.
Airtel Africa posts net loss for financial year
Airtel Africa posted a loss of $89m after tax, citing adverse forex and currency adjustments in various markets. However, the telecom has been keen on continued investment into distribution to drive increased financial inclusion across African markets.
Mobile money interoperability and why it’s needed
Recently, the Central Bank of Kenya (CBK) introduced new guidelines on Mobile Money interoperability. The guidelines align with the CBK’s National Payments Strategy 2022-2025 and shall ensure seamless mobile money interoperability.