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Equitel Increases Transfer Fees to M-Pesa by more than 100%!!!
So I recently came across this InfoTaKe.
Users transferring money from Equity Bank’s Equitel Mobile Money platform have been hit by a more than 100% increase in the cost of transferring money from the platform to Safaricom’s M-Pesa.
The new charges appear to have been implemented at the start of August, just as Equitel officially announced it’s transition from a pilot phase. No official communication on the new charges was relayed to Equitel users.