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ATMs get their groove back as mobile transfer fees reinstated

Fashion and Beauty
 Equity Bank Branch ATM Services along Kimathi Street. [Wilberforce Okwiri, Standard]

Are the perceived out-of-fashion Automated Teller Machines (ATMs) about to become obsolete and technological dinosaurs like the infamous telephone booths?

Maybe not so fast!

An increasing number of Kenyans are now shunning transfers of money from their bank accounts to mobile money wallets such as M-Pesa and Airtel Money in favour of physical cash withdrawals from bank ATMs, citing high charges.

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