Central Banking

Kenya’s central bank extends mobile payment exemptions

Crisis measures led to major increase in use of mobile payments systems, central bank says

m-pesa-kenya-transaction

Kenya’s central bank has extended a set of measures introduced to encourage the use of mobile payments during the Covid-19 pandemic.

Some of the measures have been made permanent while others have been extended to the end of this year, the Central Bank of Kenya says in a statement published on June 24.

The central bank introduced the measures to cut the usage of banknotes, which some authorities feared might help spread the virus.

On March 16, the central bank increased the limit for mobile

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