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New payment platform takes on telcos, banks

QR code payment concept. [iStockphoto]

A new payment platform has joined the scramble for Kenya's youthful market in taking the battle to mobile money service providers and banks.

Payless Africa, which launched its payment platform in Kenya this week, said it would offer free services for users transacting up to Sh1,000. It also said the transaction cost for sending money upwards of Sh1,000 would be 60 per cent of what the mainstream mobile money operations charge at the moment.

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