Banks or telcos? Who sets the ‘push’ and ‘pull’ fees?
During the pull transactions, banks also pay interest when funds are moved from the client’s bank accounts to a trust account.
A passenger using mobile money to pay for his ride on a taxi moto in Kigali. The discrepancies in costs to pull money from one’s bank account to their mobile money wallet threatens to set the country back on gains made towards cashless payments.