Kenyan Banks will charge customers a transactional fee (plus excise duty of 20%) when moving funds from their bank to M-Pesa and Airtel Money mobile money wallets. Mobile Money wallets will also charge fees when moving cash from the wallets to bank accounts. That means the zero-rated transfer of cash we’ve enjoyed is going away. 2023 is … Read more
Sending money from M-PESA to a family bank account is quick and easy with the STK push method. Whether you’re supporting loved ones or paying bills, this guide will walk you through the process step by step. Prerequisites Before transferring money from MPESA to a Family bank account, ensure:✅ You have sufficient MPESA balance (including transaction fees).✅ … Read more
A money market funds are a type of unit trust fund or a mutual fund that invests in low-risk and short-term debt securities. It is an investment that is ideal for low-risk investors who desire stability and security for the capital invested. Money market funds in Kenya are regulated by the Capital Markets Authority (CMA). In no … Read more