Statement On KCB Reduction Of Interest Rates For KCB M-PESA

“We welcome today’s decision by our partner KCB Bank Kenya to lower their interest rates for the KCB mobile money product in line with the recently adopted Banking (Amendment) Act 2016

All affected customers will be notified of these changes via SMS in coming days.

As our partnership with KCB unites our pioneering M-PESA platform with the reliability of KCB’s banking products, we are pleased that our customers will be able to benefit from reduced rates going forward.”

Bob Collymore

CEO, Safaricom Limited.

“We welcome today’s decision by our partner KCB Bank Kenya to lower their interest rates for the KCB mobile money product in line with the recently adopted Banking (Amendment) Act 2016

All affected customers will be notified of these changes via SMS in coming days.

As our partnership with KCB unites our pioneering M-PESA platform with the reliability of KCB’s banking products, we are pleased that our customers will be able to benefit from reduced rates going forward.”

Bob Collymore

CEO, Safaricom Limited.