Hi, what are you looking for?
Bank To Mobile Money Wallet Transactions To Attract Excise Fee From January 1, 2023
Norwegian firm Wakandi gets CBK nod to offer online payment services
Cellulant voted Kenya’s leading online payment platform
Twitter outages hit thousands of users worldwide
Introvert DJ Joe Mfalme on his journey to success in the music industry
Digital Transformation Awards to be held in November
Meta to launch ‘metaverse academy’ in France
PE firm Ascent Capital buys majority in Valley Hospital in Nakuru
Mastercard, OPay announce strategic partnership to grow cashless ecosystem
Does the 12pc minimum wage have a discernible effect on employment?
CIC, Old Mutual and Britam win Sh8.7bn police and prison medical cover tender
Reprieve for consumers as Kenya’s inflation slows to 9.1pc in December
Norwegian firm Wakandi gets CBK nod to offer online payment services
Token prices up 16.8pc in December, piling pressure on households
Teachers push for a 60pc pay rise
Introvert DJ Joe Mfalme on his journey to success in the music industry
The Evolution of e-commerce as told by Ronald Kaleu
Wowzi! You Want To Be An Influencer?
Going Full-Time: Julia Gaitho’s Move from Employment to Full-Time Content Creator
Digital Marketing and The Transformative Power of The Internet
Introvert DJ Joe Mfalme on his journey to success in the music industry
The Evolution of e-commerce as told by Ronald Kaleu
Wowzi! You Want To Be An Influencer?
Going Full-Time: Julia Gaitho’s Move from Employment to Full-Time Content Creator
Digital Marketing and The Transformative Power of The Internet
Capital FM commemorates anniversary of Chris Kirubi’s death
Finding Opportunity in the midst of the pandemic: AskKirubi
COVID-19: Lessons Learned and Future Direction for Entrepreneurs
Kirubi set to acquire half of Centum Plc following nod by CMA
Kirubi warns investors against fake cryptocurrency platform using his name
By
Published
NAIROBI, Kenya, Dec 31- Any transfer of money from a bank account to mobile money wallets such MPesa, Airtel money or T-kash will from tomorrow attract a 20 per cent excise fee.
Various commercial banks have been sending text messages to their customers reminding them of the directive issued by the Central Bank of Kenya.
“Dear Customer, we would like to notify you that transactions from bank accounts to mobile money wallets will be charged effective 01/01/2023. This follows a Central Bank of Kenya (CBK) announcement on the reintroduction of significantly reduced charges,” read a text message sent by a bank.
The Partrick Njoroge-led regulator announced early in the year of its plans to return the charges which were suspended on March 16, 2020, three days after the Covid-19 pandemic was declared in the country.
According to CBK, transfers from bank accounts to mobile money will be reduced by up to 61 percent, and transactions from mobile money wallets to bank accounts will be lowered by up to 47 per cent.
Transactions for paybills will be halved by 50 per cent.
Charges for bank accounts to accounts to mobile money will also be reduced by 45 per cent.
NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight…
NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any…
NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead…
It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be…
NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March…
NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety…
NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the…
NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of…
© 2022 Capital Digital Media. Capital Group Limited. All Rights Reserved
