Airtel Kenya, one of many main cellular community operators within the nation, has introduced that it has elevated its each day transaction restrict and most account stability to KES 500,000 for its Airtel Cash prospects.
This comes a day after market chief, Safaricom’s M-PESA did the identical. This can be a vital enchancment from the earlier restrict of KES 300,000, which was set by the Central Financial institution of Kenya in March 2020 as a part of the measures to curb the unfold of COVID-19.
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The brand new restrict will allow Airtel Cash prospects to transact extra conveniently and securely, particularly for giant funds equivalent to faculty charges, hire, salaries, and enterprise transactions. Airtel Kenya mentioned that the transfer is in keeping with its imaginative and prescient to supply reasonably priced and revolutionary monetary providers to all Kenyans, no matter their location or revenue stage.
Airtel Kenya’s Managing Director, Prasanta Das Sarma, mentioned that the corporate is dedicated to enhancing its Airtel Cash service to fulfill the evolving wants of its prospects and the market.
“We’re delighted to supply our prospects extra flexibility and comfort with our Airtel Cash service. We consider that this can additional enhance the uptake and utilization of cellular cash providers in Kenya, in addition to help the federal government’s agenda of selling a cashless financial system.”
Airtel Cash is a cellular cash platform that enables prospects to ship and obtain cash, pay payments, purchase airtime, and entry different monetary providers utilizing their cell phones. Airtel Cash has over 14 million registered prospects and over 23,000 brokers throughout Kenya.
Airtel Cash additionally provides interoperability with different cellular cash platforms equivalent to M-Pesa and T-Kash, in addition to financial institution accounts and ATM playing cards.
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