Tuesday, September 28, 2021

Safaricom scraps fees of transactions below Ksh 1,000

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Telcom giants have scrapped off transaction fees of transfers below Ksh 1,000.

In a meeting held by Safaricom bosses, they agreed on the new changes that will come into effect from Tuesday, 17th March for the next 90 days.

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The news comes barely a day after President Uhuru Kenya advised the companies to consider lowering charges.

This is after Kenyans were encouraged to use cashless means of transactions to contain the coronavirus.

The Central Bank of Kenya, CBK has stepped in to boost SMEs by increasing the daily transaction limit of Ksh 70,000 to Ksh 140,000.

In line with the CBK, Safaricom has also increased the daily limit from Ksh 140,000 to Ksh 300,000.

The telco giants insisted on how committed they are to help Kenyans through this crisis.

They have also displayed their commitment to working with the government to ensure that infections are kept at bay when people use the hard currency.

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