The High Court has ordered Safaricom and banks to cease charging transactions made between mobile money wallets and lenders.
This is after a Kenyan, Moses Wafula, filed an application challenging the reintroduction of the charges which were suspended in 2020 due to Covid-19.
According to the petitioner, charges incurred in transaction services are supposed be paid by Safaricom’s primary clients such as banks and not by their clients.
“The petition pending determination illustrates that the engagement between Safaricom and its Mpesa Paybill clients (such as banks, government agencies, Kenya Power, DSTV, betting companies, mobile money companies, and other institutions) is a bipartite business engagement between Safaricom as the M-Pesa paybill service provider and their M-Pesa paybill primary clients being the service recipients,” said the petitioner.
- Advertisement -
The case will be mentioned on January 23, 2023.
