Kenyan telco Safaricom is waiving fees for its hugely popular mobile money service
In Brief:
- The move follows a meeting with the Central Bank of Kenya's governor to explore ways to reduce the risk of spreading the virus through the physical handling of cash
- M-Pesa has more than 20 million customers and 175,00 agents in Kenya, a country that currently has four active cases of Covid-19.
- The World Health Organisation has advised consumers to avoid handling bank notes and instead switch to contactless payments to deter the spread of the deadly coronavirus.
What this means
M-Pesa is largely credited for pioneering mobile payments in Africa and once again is showing leadership in a time of crisis.
