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Safaricom tightens its grip on M-Pesa flows to curb dirty cash

A Safaricom subscriber transacting an Mpesa on the phone. [File, Standard]

Kenya's biggest telco, Safaricom has tightened regulations on M-Pesa transactions with a view to crack down on fraud and money laundering.

Safaricom announced that it will no longer allow its customers to transfer funds from M-Pesa to unregistered mobile money customers.

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