Kenya: CBK Proposes 130pc Cut in Mobile Money Fees

Kenya: CBK Proposes 130pc Cut in Mobile Money Fees

Nairobi -- The Central Bank of Kenya (CBK) has proposed a sharp reduction in mobile money transaction fees, a move that could ease the cost of transfers for millions of Kenyans.

CBK to cap fees on M-Pesa, Airtel Money transfers

Plan aims to reduce average cost of mobile money transactions from current baseline of Sh23 to Sh10 by 2028

CBK proposes 130pc cut in mobile money fees

NAIROBI, Kenya, Sept 29 - The Central Bank of Kenya (CBK) has proposed a sharp reduction in mobile money transaction fees, a move that could ease Kenya breaking news | Kenya news today

Why Kenya wants to cut M-PESA, Airtel Money transaction fees

The Central Bank of Kenya (CBK) plans to slash the cost of sending money via M-Pesa and Airtel Money, arguing that high fees are choking innovation and limiting the next phase of financial inclusion in one of the world’s most advanced mobile money markets. The regulator plans to cap P2P transfer charges as part of its 2025–2028 National Financial Inclusion Strategy, which targets reducing the average transaction cost from KES 23 ($0.18) in 2024 …

CBK wants your opinion on proposal to cut M-Pesa, Airtel Money fees from KES 23 to KES 10: How to respond - Techish Kenya

If you’ve been side-eyeing your M-Pesa or Airtel Money charges lately, here’s the plot twist you’ve been waiting for: the Central Bank of Kenya (CBK) is planning to slash mobile money transaction costs from an average of KES 23 to just KES 10 by 2028. This proposal appears in the National Financial Inclusion Strategy (NFIS) …

Inside plan to cap mobile money charges: Timelines and what it means for Kenyans

Kenyans could soon pay less for mobile money transactions after the government proposed to cap mobile money transaction fees in the draft National Financial Inclusion Strategy (NFIS) 2025–2028. The draft strategy, launched jointly by the Central Bank of Kenya (CBK) and the National Treasury, identifies high transaction costs as one of the major barriers preventing many citizens, particularly women, youth, and rural populations, from fully utilis…