Central Bank of Kenya

Enhancing Financial Flexibility: Central Bank of Kenya Approves Increased M-PESA Limits

BankView Staff2 years ago13 mins

In a significant move set to transform the landscape of mobile financial services, the Central Bank of Kenya has granted Safaricom’s request to elevate the M-PESA account limit to KSh. 500,000. This transformative adjustment is poised to take effect on August 15, 2023, and will be applicable to all M-PESA customers across Kenya. Alongside the…

Equity Group has announced an increase in its lending rates effective July 10

BankView Staff2 years ago2 years ago173 mins

Equity Group has announced an increase in its lending rates, effective from July 10, following the Central Bank’s decision to raise its benchmark lending rate to commercial banks by 100 basis points to 10.5 percent on June 26.

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Enhancing Financial Flexibility: Central Bank of Kenya Approves Increased M-PESA Limits

Equity Group has announced an increase in its lending rates effective July 10