Central Bank of Kenya
The Central Bank of Kenya formulates monetary policy, issues currency, and oversees financial institutions’ stability.
- News
M-Pesa Paybill Transaction Charges Effective January 2023
The maximum M-Pesa Paybill numbers will attract for transactions will now be KES 65 instead of KES 113. The minimum…
- News
Central Bank reintroduces charges for Mobile Money to Bank Transactions
Central Bank has announced that effective 1st January, Kenyans will be charged transaction fees between Banks and Mobile Money wallets.
- Opinion
How diaspora remittances help shape Kenya’s economy
Here are some of the ways diaspora remittances have shaped the Kenyan economy in the last decade with over 10…
- News
Airtel Money now a separate company from Airtel Network Kenya
The Central Bank of Kenya has announced the official completion of the separation of Airtel Money (AMKL) from Airtel Networks…
- Announcements
Central Bank of Kenya issues DPO Group Payment Service Provider Licence
Digital payments provider DPO Group Kenya has received official approval from the Central Bank of Kenya to offer PSP services in…
- News
Central Bank grants ’Virtual Pay’ license to offer payment services
Virtual Pay is the latest firm to receive a license from the Central Bank of Kenya to operate as a…
- News
KCB increases interest rates for its Savings Accounts
KCB Bank has revised the annual interest rates for its Savings Account rates in a move that seeks to attract…
- News
Immigrants still sending money back home despite rising costs of living; World Remit Report
According to a WorldRemit report, immigrants are still sending significant amounts of money back home despite rising costs of living.
- News
Co-operative Bank reverses on M-Pesa fees after Twitter Uproar
The Co-operative Bank of Kenya has gone back on a decision to charge KES 42 fees on M-Pesa deposits. This…
- News
Banks, who benefit most from Free M-Pesa transfers, want CBK to re-introduce charges
The Kenya Bankers Association (KBA) will be lobbying to have the Central Bank of Kenya (CBK) re-introduce transactions between Banks…
- Interesting Reads
M-Pesa is Expensive, Bank to Mobile Transfers are Free
M-Pesa is still very expensive especially for micro-transactions. For example, someone sending KES. 20,000 pays KES. 102, which is 0.51%…
- Opinion
Banks need to do more to counter rising fraud cases in Kenya
Whenever we try and make something simple, more accessible, and easier to use, that ease of use brings about the…
- News
It’s back to normal for transactions below KES. 1,000 starting January 2021
The Central Bank of Kenya has announced the end of free transactions below KES. 1,000 - a measure that was…
- News
Safaricom loses bid to limit free 1000-bob M-Pesa transactions
Safaricom has lost its bid to limit 1000 bob transactions to 5 a day. It had requested the Central Bank…
- Announcements
Central Bank extends free mobile money transactions and limits to December 31st 2020
CBK extends the emergency Measures to Facilitate Mobile Money Transactions in Kenya up to December 31st 2020.
