Treasury plans to cut MPesa charges

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    mpesa tariffs

    The Treasury is working on a proposal to cut M-Pesa transfer charges.

    Treasury Cabinet Secretary Ukur Yatani told the Senate that there was need to make M-Pesa cheaper at a time when the mobile money platform has become deeply entrenched in Kenyans’ business and daily lives.

    The other operators in the industry have long argued that Safaricom enjoys a dominant position because it accounts for 90 percent of revenues in areas such as mobile money transfer, voice calls and text messages.

    SOURCEBusiness Daily
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