Kenya’s New VAT Push Could Reshape the Cost of M-Pesa Transfers

The Treasury has proposed a new 16 percent VAT charge on companies that facilitate digital payments in Kenya, opening the door to possible increases in transaction costs across mobile money and merchant payment networks. The proposal, contained in the Finance Bill, targets licensed payment service providers operating the infrastructure behind mobile transfers, tills, paybills and … The post Kenya’s New VAT Push Could Reshape the Cost of M-Pesa Transfers appeared first on TechTrendsKE .

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