Airtel waves mobile money fees in Kenya to combat Covid19 pandemic

The move is intended to allow people to conduct more business online, as they try to avoid unnecessary social contact
Airtel Africa, Mobile money, Finance, Covid19, Coronavirus

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Airtel Kenya has announced that it will waive the associated transaction fees for mobile money services for the next 90 days, in an attempt to ease the financial burden of self-isolating from the global Covid19 pandemic.

Airtel has also increased the amount that users can hold in their mobile wallets as well as the transaction limits, according to a report in The East African news site.

Users can now hold up to $300 in their accounts, up from $140.

Airtel has also increased the daily transaction limit from $700 to $1,500.

Last year, around $20.3 billion of transactions were conducted over mobile payment platforms in the East African nation – a 47 per cent increase on 2018’s figures.

Kenya’s president, Uhuru Kenyatta, has recently ruled that all people entering the country must self-isolate for a period of 14 days, with this ruling coming into effect for the next thirty days.

Airtel Kenya is part of the Airtel Africa group which claims more than 100 million subscribers across the continent. Airtel Kenya has a reported 9.7 million subscribers, which equates to a 19.7 per cent market share.

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