Nairobi, MARCH 16, 2020: Today, the Central Bank of Kenya Governor, Dr. Patrick Njoroge, hosted a meeting with all telcos and other industry players, with the view of encouraging the use of mobile money and other forms of cashless payments. The aim herein is to minimise the use of physical cash in light of the COVID-19 pandemic.

The meeting with the regulator resolved to introduce a broad raft of measures, to further incentivise the use of cashless transactions, as directed by His Excellency the President, Uhuru Kenyatta, a move that Telkom fully supports.

To this end, effective midnight, March 17, 2020, all Person to Person transactions below KSh 1,000 will be zero-rated.

In addition, the daily T-Kash limit per transaction increases from KSh70,000 to KSh150,000, with the daily sending limit being reviewed upwards from KSh140,000 to KSh300,000.  More importantly, any transactions between KSh50,000 up to KSh300,000 will attract a rate of KSh100. All other fees remain unchanged.

Customers will also now access an increased wallet limit of KSh 300,000 from KSh 100,000.

Telkom, as an enabler to the mobile financial services eco-system, is deeply committed to Kenya’s quest of making financial transactions a safer process, as the country steps up its fight against the spread of COVID-19.

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About Telkom:

Telkom connects the people that keep Kenya on the move. It does this by providing integrated telecommunications solutions to individuals, Small and Medium-sized Enterprises (SMEs), Government and large corporates in Kenya, drawing from a diverse solutions suite that includes voice, data, mobile money as well as network services. Powered by its vast fibre optic infrastructure, it is also a major provider of wholesale carrier-to-carrier traffic, within the country and the region.

Telkom is building on strong, consumer-centric ethos that is committed to providing innovative, accessible and refreshingly simple communications solutions that suit customers’ everyday communication needs.

Established as a telecommunications operator in April 1999, Telkom is 60 per cent owned by Helios Investment Partners, with the remaining stake held by Kenyans through the Government of Kenya. Please visit www.telkom.co.ke to get to know more about Telkom.

Press Contact:

George MLAGHUI: gmlaghui@telkom.co.ke

Follow Telkom on Twitter: @TelkomKenya