×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Safaricom tightens its grip on M-Pesa flows to curb dirty cash

Vocalize Pre-Player Loader

Audio By Vocalize

A Safaricom subscriber transacting an Mpesa on the phone. [File, Standard]

Kenya's biggest telco, Safaricom has tightened regulations on M-Pesa transactions with a view to crack down on fraud and money laundering.

Safaricom announced that it will no longer allow its customers to transfer funds from M-Pesa to unregistered mobile money customers.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
Kenya Blockchain industry pushes for faster stablecoin adoption as regulators weigh new digital asset rules
Business
Activist files petition to block fuel price hike, seeks conservatory orders
By Ali Abdi 20 hrs ago
Business
Government launches construction of 114 solar mini grids in 14 counties
Business
Kenya's cybersecurity skills gap persists despite training efforts