Monday, July 7, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News

M-Pesa Frowns At Tax Hike On Mobile Money Services In Kenya

Tech Gist Africa by Tech Gist Africa
06/21/2018
in News
0 0
0
M-Pesa Frowns At Tax Hike On Mobile Money Services In Kenya
0
SHARES
Share on FacebookShare on Twitter

M-Pesa and some similar services have registered their displeasure against 2% increase on mobile money tax proposed by the Kenyan government.

The government expects to net around $270 million in additional revenues and claims the extra income will fund a universal health care program to cover all households by 2022.

But Safaricom-owned M-Pesa says the move could take a big toll, as it will “negatively impact mobile-led transfer services and payments” and reverse the gains of financial inclusion by making it more expensive to conduct business transactions and make payments using mobile money services.

Since it was launched in 2007, M-Pesa, the largest mobile money service in the world, has become ubiquitous in Kenya. With over 26 million users, it’s deeply entrenched in the national economy.

While the taxes are levied on the service providers, the additional costs will likely be passed on to customers, many of whom are unbanked and rely on the service for essential daily payments. It’s not the first time mobile money platforms have come under the focus of the taxman in Kenya. In 2016, Kenya’s Revenue Authority pushed for access to private mobile money transaction records to identify possible tax cheats.

Despite the jostling with local authorities, Safaricom is doubling down on its dominance in Kenya. Over the past year, it has launched an e-commerce platform and a messaging service that allows users to send and receive money while they are chatting. It also announced a collaboration with PayPal that allows global customers to transfer cash between PayPal and M-Pesa mobile wallets.

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

Apple WWDC 2025
Events

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

by Tech Gist Africa
06/15/2025
0

Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design...

Read more
Zero Carbon Charge South Africa

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

06/15/2025
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Next Post
TechCrunch’s Startup Battlefield Comes To Lagos In December

TechCrunch’s Startup Battlefield Comes To Lagos In December

Instagram Hits One Billion Monthly Users, Launches IGTV, A Standalone App For Longer Videos

Instagram Hits One Billion Monthly Users, Launches IGTV, A Standalone App For Longer Videos

Akon Unveils Own Cryptocurrency, Set To Build New City In Senegal

Akon Unveils Own Cryptocurrency, Set To Build New City In Senegal

No Result
View All Result

The Big 5

Quantum Computing

The Rise of Quantum Computing: What It Means for the Future of Global Innovation

by Tech Gist Africa
07/07/2025
0

...

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.