Safaricom blocks KRA from accessing M-Pesa accounts – Business Today News

Tax authorities seeking unfettered access to mobile money records – that is what every government tax intake authority has been waiting for. The digital footprint of your money, which previously was unavailable in the cash-only economy.

As more and more countries embrace electronic (mobile) money, one cannot help but look at the drooling faces of the tax authorities, like a lion waiting to pounce on the rabbit that has accidentally ventured into the den.

Will the fight be one-sided or will mobile money operators fight alongside the consumers, lest they want their customers to go back to cash.

It will be bloody nonetheless.

Safaricom blocks KRA from accessing M-Pesa accounts – Business Today News

Source: Safaricom blocks KRA from accessing M-Pesa accounts – Business Today News

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