The Central Bank of Kenya has announced that it will start charging fees for bank-to-mobile money transfers on January 1, 2023.
These fees were previously suspended during the COVID-19 pandemic but were requested to be reinstated by the financial industry in Kenya.
The service of free transfers to mobile money wallets will no longer be available as of the new year and will now be subject to a transactional fee, with specific fees for NCBA Bank being provided.
Here are the charges:
|Tariffs (KES)||To M-PESA in KES||To Airtel Money in KES|