On Thu, Mar 31, 2011 at 16:06, Michael Joseph <mjoseph@safaricom.co.ke> wrote:

There are limits per customer per transaction, per day, per week, per month etc.

We always submit full disclosure reports to the Central Bank

Kind Regards

Michael

From: Odhiambo Washington <odhiambo@gmail.com>
Date: Thu, 31 Mar 2011 15:54:27 +0300
To: Michael Joseph <MJoseph@Safaricom.co.ke>
Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke>
Subject: Re: [kictanet] International remittances straight to your M-PESA account

On Thu, Mar 31, 2011 at 12:29, Andrea Bohnstedt <andrea.bohnstedt@ratio-magazine.com> wrote:

Hey all,

Safaricom have entered a co-operation with Western Union so that remittances can be sent straight to M-PESA accounts. I haven't seen the fee structure yet (probably the usual Western Union fees), but still - great to see that Safaricom seem to have cracked the international transfers. Another global first for Kenya, I think.

Here's the press release:
http://www.ratio-magazine.com/201103313887/Corporate-Press-Releases/Kenya-Press-Releases-M-PESA-to-Accept-Remittances-through-Alliance-with-Western-Union.html

This is very interesting.

How will they counter money laundering?

Will central Bank now require Safaricom to submit details of ALL transactions for the purpose of monitoring how much money came in via this medium?

--
Best regards,
Odhiambo WASHINGTON,
Nairobi,KE
+254733744121/+254722743223
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Damn!!

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