The start of the pandemic saw teclos and financial organizations axe some transaction charges to cushion customers from economic constraints brought forth by COVID-19.
Some of the decisions have since been reversed and revised. For instance, operator Safaricom adjusted its M-PESA rates on Jan 1, 2021, in an attempt to recoup some of its mobile money revenues.
Telkom Kenya has done the same thing in a move that aims to reintroduce a small fee for transactions that had been free for nearly a year now (under KES 1000 transfers).
Here are the new charges, effective from today, March 5:
|Min||Max||Send to Registered user (T-Kash and other networks)||Send to unregistered user||Withdrawal fees|
The daily T-Kash limit per transaction remains at KSh 150,000, with the daily sending limit being retained at KSh 300,000 with a wallet limit access of KSH 300, 000.
Any transactions between KSh 50,000 up to KSh 300,000 will attract a rate of KES 100. All other fees remain unchanged.