Tuesday, March 17, 2020

Absa Lists Measures To Encourage Cashless Transactions

    March 17, 2020   No comments

Absa Bank Kenya
Absa Bank Kenya has listed measures that will encourage cashless transactions in this Coronavirus pandemic .

Cash is an easy way of the virus transmission, therefore the government has warned the public to try and use more cashless ways in daily transactions.

In line with the government announcement, Absa has listed some of the measures on the following products that will enhance cashless transacting ;

Paying With Absa Debit Cards

Get a guaranteed 0.3 percent cashback when you pay with your Absa debit card.This offer starts on 25th March 2020 and will go on for 12 months. Cashback will be paid to customers current accounts monthly.

Account To Mpesa or Airtel Money 

We have waived all transaction fees on transfers between mobile wallets and bank accounts till 30th June 2020 .Additionally, you can deposit up to kes 150,000 in a day through Paybill number 303030 at no cost.

Timiza 

We have waived transaction fees for transfer between mpesa and Timiza. You also send up to kes 150,000 to Timiza in a day at no cost through Paybill number 300067

PesaLink 

In order to allow transfer of large amounts below kes 1m ,we have waived all costs on PesaLink transactions till 30th April 2020

ATM cash deposits 

You can now deposit up to kes 100,000 in a day through cash accepting ATMs at no cost.



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Mwabaya Katana

About Mwabaya Katana

Mwabaya Katana is a Finance Online Researcher and Writer.He is the founder of 'Loans Kenya' Blog.

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