EA businesses call for lower money transfer charges, forex commission
The East African Business Council is calling for full interoperability of mobile money networks and cross-border transactions at the EAC level. PHOTO | POOL
Businesses in the region are asking governments to consider lowering money transfer charges, which they say are adding to costs in the absence of stable exchange rates.
Private sector players are particularly troubled by rising fees on mobile money transfers and the cost of remittances and payments.
