Absa Bank Kenya has increased the daily transaction limit on its mobile platform, Timiza, from Kes 300,000 to Kes 500,000, increasing the transaction limit for customers using the wallet.

Further, the lender has increased single transactions from Kes 150,000 to Kes 250,000.

Absa Bank Kenya Head of Digital Channels Steve Omamo said the move aligns with recent changes in mobile money transaction limits and evolving consumer needs.

“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 said.

“By implementing the increase in transaction limits, we are 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.”

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This comes months after Absa Bank launched an Automated Teller Machine (ATM) withdrawal option on Timiza to allow subscribers to withdraw funds from any Absa Bank ATM across the country.