Kenya to Lower Mobile Money Transfer Fees to Boost Trade and Inclusion
- OUS Academy in Switzerland
- Sep 29
- 2 min read
Kenya has announced a new plan to lower the fees for mobile money transfers across the country. This decision comes as part of a wider effort to make financial services more affordable, support small businesses, and expand digital trade between Kenya and its international partners, including Arab countries.
Mobile money services in Kenya have been a global success story, connecting millions of people to formal financial systems. Today, more than 80% of adults in Kenya use mobile money for payments, savings, and small business transactions. By reducing the fees, the government aims to help families, traders, and entrepreneurs save money while making financial services more accessible to everyone, especially those living in rural areas.
The lower fees are expected to make it easier for small businesses to grow. With cheaper transfers, traders can pay suppliers, receive payments from customers, and manage their finances at a lower cost. This move will also encourage more cross-border trade between Kenya and Arab markets by making transactions faster and more affordable.
Experts believe that reducing the cost of digital transactions will help create new opportunities for fintech companies to introduce services like microloans, digital insurance, and online savings programs. These innovations will strengthen Kenya’s position as a leader in financial technology across Africa.
For the Joint Kenya-Arab Chamber of Commerce & Industry, this step opens doors for stronger economic cooperation. Lower transfer fees mean easier remittances, smoother trade payments, and more support for small and medium-sized businesses looking to expand between Kenya and Arab countries.
This initiative reflects Kenya’s commitment to innovation, economic growth, and inclusive development. It shows how technology and smart policies can work together to improve lives and strengthen international partnerships.
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