Judge Mugure Thande issued the interim order that was lodged by a
Court decision now stops telcos and financial institutions from implementing the fees that were waived by the
"
"The petition pending determination illustrates that the engagement between
"Banks and other financial institutions using the Paybill system are classified as
CBK reinstated charges on transfer of funds from Banks to MPesa wallets, representing a win for financial institutions who had been urging for reinstatement.
On
"The revised maximum charges for transfers from bank accounts to mobile money wallets will be reduced by on average up to 61 percent, and mobile money wallet to bank account by on average up to 47 percent," the regulator said earlier.
"Tariffs for paybills that are used to collect and disburse funds by businesses, companies and institutions will be reduced on average 50 percent while charges levied by banks for banks to mobile money transactions will be reduced by on average 45 percent," it added.
The case will be mentioned in
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