Previously, users were only able to transact Sh300,000 per day.

Likewise, a cap of Sh150,000 on a single transaction has also been increased to Sh250,000.

Absa Bank Kenya Head of Digital Channels Steve Omamo said the move is in line with recent changes in mobile money transaction limits and evolving 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,” Omamo said.

“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.

“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.”

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