
Should M-Pesa Pay Interest? Patrick Njoroge Pushes for Yield on Mobile Money Wallet Balances
Former Central Bank of Kenya Governor Patrick Njoroge has submitted a regulatory proposal urging lawmakers to require mobile money operators such as M-Pesa and Airtel Money to pay interest on customer wallet balances. The argument is that stored value in a wallet works like a bank deposit and should earn a return for its owner. The public can submit feedback on the draft financial bill through early October 2026.


