Sharp Daily
No Result
View All Result
Sunday, August 31, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Absa Bank raises Timiza daily transaction limit to KES 500,000

Clerkson Aroni by Clerkson Aroni
October 13, 2023
in News
Reading Time: 2 mins read

Absa Bank Kenya on Thursday announced  an increase in the daily transaction limit of their mobile platform, Timiza, from KES 300,000 to KES 500,000 a day.

The bank has also increased the maximum amount one can transact in a single transaction from KES 150,000 to KES 250,000.

Absa Bank through its Head of Digital Channels Steve Omamo said that the changes were in line with the recent changes in mobile money transaction limits and developing consumer needs.

“As Absa, we aim to ensure that our customers can do more on our platforms as we strive to provide them with the best possible service and competitive products,” he said.

RELATEDPOSTS

Safaricom 2025 financial triumph and effect on Kenyan economy

May 28, 2025

CBK lifts 10-year moratorium on new bank licenses

April 17, 2025

Read more: Report: Kenyan firms eye new markets, digitization, and cost management for growth

“Our key priority remains to become a truly customer-obsessed financial institution that places the customer at the centre of every decision giving them a voice and a platform to shape Absa’s products and services with their evolving needs in mind,” he added.

He stated that by implementing the transaction limit changes, Absa is conscious of the need to be responsive to customer needs but also the growing need to transform into a digitally powered business. “It will also make banking on the go more efficient and convenient for our customers ,” he said.

Read more: Global LPG price plummet signals more affordable cooking gas in Kenya

The announcements comes months after Absa Bank unveiled an Automated Teller Machine withdrawal option on Timiza to allow subscribers to withdraw funds from any Absa Bank ATM across the country.

Last month leading Telcos Airtel and Safaricom reviewed their daily total transaction limits on their mobile wallets from KES 300,000 to KES 500,000 after they obtained a nod from the Central Bank of Kenya

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Shelter Afrique transforms from real estate finance to development bank

Next Post

OPINION: Kenya’s economic divide calls for government action and investment

Clerkson Aroni

Clerkson Aroni

Clerkson is a passionate writer and video creator who is fascinated by football, lifestyle, history, and sharing new discoveries. When he's not researching and writing compelling stories, he's behind the camera capturing informative videos for his audience. He welcomes story ideas and feedback from readers at cmotari@thesharpdaily.com

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024