Liberia Introduces Standardized Mobile Money Transaction Fees

The Central Bank of Liberia (CBL) has taken a significant step towards regulating the mobile money market in the country. As of August 2025, a standard 2% cash-out fee will be applied to all mobile money transactions. This move is expected to bring transparency and consistency to the market, benefiting both consumers and mobile money operators. The CBL has been working to develop a robust regulatory framework for mobile financial services, and this new fee structure is a key component of that effort. The standardization of cash-out fees is intended to promote competition and innovation in the mobile money market, while also protecting consumers from excessive charges. Mobile money has become an increasingly popular way for Liberians to access financial services, with many using their mobile phones to send and receive money, pay bills, and make purchases. However, the lack of standardization in cash-out fees has been a source of confusion and frustration for consumers. The new 2% fee will apply to all mobile money transactions, regardless of the operator or the amount being transferred. This means that consumers will be able to easily compare prices and choose the best option for their needs. The CBL has also announced that it will be monitoring the market closely to ensure that mobile money operators are complying with the new fee structure. Any operator found to be charging excessive fees will face penalties and fines. The introduction of the standard 2% cash-out fee is a major development in the Liberian mobile money market, and is expected to have a positive impact on the economy as a whole. It is also expected to increase financial inclusion, as more people will be able to access mobile financial services without being deterred by high fees. The CBL has been working closely with mobile money operators and other stakeholders to ensure a smooth transition to the new fee structure. The bank has also launched a public awareness campaign to educate consumers about the changes and how they will benefit from the new standardization. The campaign will include radio and television ads, as well as social media and print media outreach. The CBL is confident that the new 2% cash-out fee will promote a more competitive and innovative mobile money market, and will ultimately benefit the people of Liberia. The bank is committed to continuing to work with stakeholders to develop a robust and inclusive financial system. The introduction of the standard 2% cash-out fee is a significant step towards achieving this goal. In addition to promoting competition and innovation, the new fee structure is also expected to increase revenue for the government. The CBL has announced that it will be working with the Ministry of Finance to ensure that the new fee structure is aligned with the government’s revenue goals. The bank is also exploring ways to use the revenue generated from the 2% cash-out fee to support financial inclusion initiatives and other development projects. Overall, the introduction of the standard 2% cash-out fee for mobile money transactions is a major development in the Liberian mobile money market, and is expected to have a positive impact on the economy and financial inclusion. The CBL is committed to continuing to work with stakeholders to develop a robust and inclusive financial system, and to promoting competition and innovation in the mobile money market.

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