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CBK announces resumption of Saccos mobile money charges

CBK Governor Patrick Njoroge

NAIROBI, KENYA: The Central Bank of Kenya (CBK) has announced the resumption of fees charged on mobile money platforms linked to Savings and Credit Societies(Saccos).

On Thursday notice, the regulator clarifies that the new order is specific to transactions above Sh100
CBK noted that the waiver had caused worries on the viability of the services due to the inability to cover underlying costs.

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