The Zambian government will introduce a tax on mobile money transactions. The proposed tax only applies to person-to-person transactions. It ranges from 8 ngwee ($0.0038) to 1.80 kwacha ($0.085), depending on the value of the transaction. This proposal comes in a context of accelerated digital transformation marked by the rapid adoption of digital payment solutions. In the country, Mobile Money transactions in Zambia reached 170 billion kwachas ($8 billion) in 2022.
Source: Africa News Agency