[kictanet] International remittances straight to your M-PESA account

[Odhiambo Washington]

Thank you, MJ, for this response.

Suppose I receive my monthly maximum every month from some source out there,
will I be questioned?
Assuming a monthly limit of N, and every month I receive N from "my friends"
out there for the purpose of laundry:-)


On Thu, Mar 31, 2011 at 16:06, Michael Joseph <mjoseph at 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 at gmail.com>
> Date: Thu, 31 Mar 2011 15:54:27 +0300
> To: Michael Joseph <MJoseph at Safaricom.co.ke>
> Cc: KICTAnet ICT Policy Discussions <kictanet at 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 at 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
> _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
> Damn!!
>
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-- 
Best regards,
Odhiambo WASHINGTON,
Nairobi,KE
+254733744121/+254722743223
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Damn!!
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