Coronavirus: Absa to pay SME suppliers in two weeksAbsa Bank Kenya PLC has announced measures to support its customers and ensure working capital is available for Small and Medium Enterprises (SME). “In order to help Small and Medium Enterprises (SME) meet their financial obligations during this period, we shall endeavor to pay all supplier invoices within 14 days. Just like Safaricom, Absa Bank announced that it has eliminated transaction fees for small amounts and increasing daily digital transaction limits in order to encourage cashless transactions. SEE ALSO :Barclays gives way to Absa Bank at the bourse“We have waived all transaction fees on money transfers between mobile wallets and bank accounts until 30 June 2020. SEE ALSO :Court summons Absa Bank over Islamic banking facilityThe move came following complaints they are suffering because the department had refused to settle their pending bills.

Source: Standard Digital March 20, 2020 14:48 UTC