Banks and mobile money operators will continue to levy fees for transferring cash between their platforms after the High Court declined to extend temporary orders suspending the charges.
Justice Mugure Thande on Monday, January 23, 2023, declined a request by Moses Wafula to extend orders that had temporarily halted the introduction of charges between bank and mobile transactions.
The temporary order, which was issued on December 19, 2022, had put breaks on the decision of Central Banks of Kenya (CBK) dated December 6, 2022, allowing telecoms and financial institutions to reinstate charges on transferred funds from banks to M-Pesa Wallets.
When the matter came up for further directions, Wafula asked the court to extend the temporary order pending the hearing of the case.
More to follow…
