2022-12-06 | 1451990243

Banking Circular Number 6 of 2022 - Resumption of Charges between Mobile Money Wallets and Bank Accounts

The Central Bank of Kenya (CBK) implemented emergency measures in March 2020 to encourage the use of mobile money transactions during the COVID-19 pandemic, including eliminating charges for transfers between mobile money wallets and bank accounts. Due to the significant expansion of Kenya's payment ecosystem since then, CBK has reassessed and will resume revised charges for these transactions from January 1, 2023, with reduced tariffs and maximum charges.

Kenya

Central Bank of Kenya

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