Kenyans start paying more for mobile money transactions following tax increase

Tuesday, July 3, 2018

Kenyans started paying higher mobile money transaction fees following the increase of taxes by government. The National Treasury in the budget presented this month raised mobile money excise tax from 10 percent to 12 percent.

Kenya’s three mobile money service operators namely Safaricom, Telkom and Airtel protested the new tax, noting it will hurt the poor most and undo most of the gains made in promoting a digital economy.

Source: The Standard Digital (link opens in a new window)

digital finance, financial inclusion, fintech, regulations, telecommunications