The fight is on. I&M Bank removes Bank to Mpesa charges

The Brazilian case is super interesting.

Regards

*Ali Hussein*

Fintech | Digital Transformation

Tel: +254 713 601113

Twitter: @AliHKassim

LinkedIn: Ali’s Profile <ke.linkedin.com/in/alihkassim>
<ke.linkedin.com/in/alihkassim>

Any information of a personal nature expressed in this email are purely
mine and do not necessarily reflect the official positions of the
organizations that I work with.

On Thu, Feb 16, 2023 at 3:06 PM Rafe Mazer <rafe.mazer@gmail.com> wrote:

> People may be interested to see how payments is being handled by the
> Central Bank of Brazil. Instant, fully interoperable, almost zero-cost.
> blog.mondato.com/brazils-pix-should-instant-payment-rails-be-a-public-good/
>
> On Thu, Feb 16, 2023 at 1:09 AM Ali Hussein via KICTANet <
> kictanet@lists.kictanet.or.ke> wrote:
>
>> Payment fees are a race to zero. Brands have to layer on other
>> value-added services to keep our attention.
>>
>>
>> *Ali Hussein*
>>
>> Fintech | Digital Transformation
>>
>>
>> Tel: +254 713 601113
>>
>> Twitter: @AliHKassim
>>
>> LinkedIn: Ali’s Profile <ke.linkedin.com/in/alihkassim>
>> <ke.linkedin.com/in/alihkassim>
>>
>>
>>
>>
>> Any information of a personal nature expressed in this email are purely
>> mine and do not necessarily reflect the official positions of the
>> organizations that I work with.
>>
>>
>> On Wed, Feb 15, 2023 at 5:02 PM Mwendwa Kivuva via KICTANet <
>> kictanet@lists.kictanet.or.ke> wrote:
>>
>>> After introduction of Bank to M-pesa charges; ATMs got heir grove back.
>>> More people started withdrawing to pay cash
>>> <www.standardmedia.co.ke/business/article/2001464713/atms-get-their-groove-back-as-mobile-transfer-fees-reinstated#:~:text=%E2%80%9CThe%20Central%20Bank%20of%20Kenya,said%20in%20a%20statement%20early>
>>> to reduce their transaction costs.
>>>
>>> Now, I&M Bank has permanently dropped levy fees
>>> <www.businessdailyafrica.com/bd/corporate/companies/i-m-bucks-the-trend-with-cash-transfer-fees-waiver-4124842>
>>> for transferring cash between its platform and mobile wallets, bucking the
>>> trend in the sector that has been reinstating the charges since January
>>> amid customer outcry. The move will save I&M customers between Sh10 and
>>> Sh65, the range the lender was charging after the Central Bank of Kenya
>>> (CBK) announced a return of charges on transactions between banks and
>>> mobile money wallets.
>>>
>>> Is the market adopting to consumer behaviour and correcting itself? What
>>> will the future look like on the cost of digital cash transfer charges?
>>>
>>> Best Regards,
>>> ______________________
>>> Mwendwa Kivuva, Nairobi, Kenya
>>> www.linkedin.com/in/mwendwa-kivuva
>>>