CBK Lists Most Common Pyramid Schemes in Kenya
Kenyan bank notes held in hand.
Simon Kiragu
Kenyans.co.ke
Fraudsters are continuously coming up with new tactics to swindle unsuspecting Kenyans feeding on the vulnerability of most Kenyans struggling to make ends meet during these unprecedented times.
Among the effects of the Covid-19 pandemic, the country has seen a rise in the number of fraudsters and con artists.
Central Bank of Kenya (CBK) building in Nairobi.
Simon Kiragu
Kenyans.co.ke
In a bid to mitigate this, the Central Bank of Kenya (CBK) published a detailed document highlighting the most common scam jobs in the country, including steps Kenyans should take to steer clear of fraudsters.
Free Mobile Transactions Kenyans Will Enjoy After Relief Expiry
A file image of an M-PESA shop
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The Central Bank of Kenya (CBK) on Thursday, December 17 announced that Kenyans will still enjoy some free mobile money transactions after the expiry of the Covid-19 relief.
In the latest move, CBK revealed that there will be no charge for person-to-person transfers of up to Ksh100 to any customer and network.
Central Bank of Kenya (CBK) building in Nairobi.
Simon Kiragu
Kenyans.co.ke
Kenyans will also be cushioned by CBK as there will be no charges for transfers between mobile money wallets and bank accounts.
THE STANDARD By
Fredrick Obura |
December 17th 2020 at 14:10:19 GMT +0300
Central Bank of Kenya Governor Patrick Njoroge at a past function (PHOTO: File)
NAIROBI, KENYA: Mobile money users will bid goodbye to the free transaction on Sh1000 introduced on the onset of Covid-19 pandemic.
The Central Bank of Kenya (CBK) on Thursday said it will allow the Payment Service Providers (PSPs) to introduce new charges on transactions above Sh100 by January 1, next year.
Mobile money customers will however not be charged for transferring less than Sh100 to any network and the wallet and transaction limits announced on March 16 will remain in force.
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