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Pain in the new year as banks reinstate mobile money fees

Central Bank of Kenya (CBK) Governor Patrick Njoroge. [Beverlyne Musili, Standard]

Kenyans will from the New Year spend more when transferring money from their bank accounts to mobile money wallets such as M-Pesa and Airtel Money.

This is after banks started effecting new levies following the reinstatement of the service charges by the Central Bank of Kenya (CBK) in early December.

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