Mpesa to resume charging clients for transfer of money not exceeding 1000ksh from January 1st.

The waiver of fees on mobile-money transfers below Ksh. 1,000 is to cease from January 1, the Central Bank of Kenya has said

Kenyans should now grace themselves for a tough January even as the grace period by the government and Mpesa  comes to an end.

Beginning this year, the government had requested Safaricom not to charge any fees on money transferred that did not exceed 1000ksh. This was in a bid to help the nation fight the effects brought about by covid 19..

“Following consultations with Payment Service Providers (PSPs), CBK will allow the emergency measures to expire on December 31, 2020, and PSPs will introduce revised pricing structures from January 1, 2021,” the Central Bank said.

CBK however noted that there will be no charge for person-to-person transfers of up to Ksh. 100 to any customer and network.