BUSINESSSEMAFOR
Kenya’s mobile money tax plans threaten M-Pesa growth
Kenya’s proposed 16% VAT on mobile money services like M-Pesa and Airtel Money, along with a 25% excise duty on mobile phones, risks slowing fintech growth and financial inclusion. Experts warn the taxes could push users back to cash, harm diaspora remittances, and undermine Kenya’s leadership in mobile money innovation.
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