Safaricom raises M-Pesa tariffs as Kenya slaps telcos with new tax

Kenya's largest mobile operator Safaricom on Friday increased the cost of moving funds through M-Pesa following a new tax on transaction fee earned from mobile money transfer.

Safaricom said customers transferring more than Ksh101 ($1.2) will have to pay 10 per cent more on account of a government decision to introduce a similar tax on earnings from the service.