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CBK ends relief on Sh1000 mobile money transactions

Central Bank of Kenya Governor Patrick Njoroge at a past function (PHOTO: File)

NAIROBI, KENYA: Mobile money users will bid goodbye to the free transaction on Sh1000 introduced on the onset of Covid-19 pandemic.

The Central Bank of Kenya (CBK) on Thursday said it will allow the Payment Service Providers (PSPs) to introduce new charges on transactions above Sh100 by January 1, next year.

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