Banks, Safaricom defy court on cash transfer fees
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Nairobi, Jan. 16 -- Banks and mobile money operators have proceeded to levy fees for transferring cash between their platforms despite the existence of a temporary High Court order suspending the charges.
The interim order was issued on December 19, 2022, but fees on bank-to-mobile transactions resumed on January 1 and have continued nevertheless.
The case is scheduled to come up for further directions on January 23.
A spot check on Friday showed that Safaricom (the owner of the M-Pesa mobile money platform) and banks such as KCB and Equity were still charging customers amounts exceeding Sh100.
"Pending the hearing and determination of this application and the petition, interim and conservatory orders do issue and be directed to the r...
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