Safaricom defies Treasury, raises M-Pesa fees by 10%

Safaricom has defied the Finance minister Njeru Githae and increased its money transfer service MPesa transaction charges by 10 per cent effective Friday next week. The firm attributed the move, that will affect more than 16 million subscribers, to the amendments to the Customs & Excise Duty Act gazetted on 1st of February last year. The cost of sending between Ksh101 to Ksh 2,500 remains the same at Sh25. It will now cost you Ksh10 to withdraw between Ksh50 and Ksh100. The price of sending between Ksh501 to Ksh3,500 remains the same at Ksh30...