Bonto Kenya Money Transfer Limited has suspended its money remittance operations, stopping transactions on August 15, 2025. The company cited mounting market and operational pressures, including narrow margins and rising expenses, as reasons for winding down operations, pending Central Bank of Kenya approvals.

• Bonto Kenya Money Transfer Limited will surrender its license to the Central Bank of Kenya.
• The firm stopped processing transactions on August 15, 2025, at 18:00 EAT.
• Kenya’s remittance inflows reached $5.77 billion in 2024, according to CBK data, despite increasing competition in the sector.