Kenya: Lower M-Pesa transaction charges positive for SAFCOM; negative for banks
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Rates lowered to zero for M-Pesa transactions below 1000 and bank-to-wallet transfer; transaction limit doubled
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Net positive for Safaricom – will increase volume of M-Pesa transactions, offsetting negative impact of lower charges
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Negative for banks in the short term, but we retain our Buys; potential loss of income minimal in the long term
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