Kang Fintech Solutions (KFS)

Fee Schedule

Currency: Central African CFA Franc (XAF)

1. Introduction

Kang Fintech Solutions (KFS) is committed to providing transparent and competitive pricing for its financial services. This fee schedule outlines the fees applicable to customers using KFS services, including digital wallet transactions, payments, and other financial activities. All fees are denominated in Central African CFA Franc (XAF) for clarity and convenience.

2. Digital Wallet Fees

2.1 Account Registration

• Opening a KFS Digital Wallet: Free
  
• Account Maintenance (Monthly): Free
  
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2.2 Adding Funds to Your Wallet

• Bank Transfer: Free
  
• Cash Deposit at KFS Agent Locations: 500 XAF per transaction
  
• Mobile Money Transfer: 1% of the transaction amount (minimum 200 XAF)
  
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2.3 Withdrawing Funds from Your Wallet

• Bank Transfer: 1,000 XAF per transaction
  
• Cash Withdrawal at KFS Agent Locations: 1% of the transaction amount (minimum 500 XAF)
  
• Mobile Money Transfer: 1.5% of the transaction amount (minimum 300 XAF)
  

3. Payment Fees

3.1 Sending Money

• Domestic Transfers (Within Cameroon):
  • To KFS Users: Free
    
  • To Non-KFS Users: 1% of the transaction amount (minimum 500 XAF)
    
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• International Transfers:
  • To Africa: 2% of the transaction amount (minimum 1,000 XAF)
    
  • To Other Regions: 3% of the transaction amount (minimum 2,000 XAF)
    
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3.2 Receiving Money

• Domestic Transfers: Free
  
• International Transfers: Free
  
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3.3 Merchant Payments

• Online Payments: 2% of the transaction amount (minimum 500 XAF)
  
• In-Store Payments (QR Code or POS): 1.5% of the transaction amount (minimum 300 XAF)
  

4. Currency Conversion Fees

• Currency Conversion (e.g., USD to XAF): 3% of the transaction amount
  

5. Other Fees

5.1 Bill Payments

• Utility Bills (Electricity, Water, etc.): 200 XAF per transaction
  
• Airtime Top-Up: 100 XAF per transaction
  

5.2 Account Statements

• Monthly E-Statement: Free
  
• Printed Statement (On Request): 1,000 XAF per statement
  

5.3 Chargebacks and Disputes

• Chargeback Fee: 5,000 XAF per chargeback
  

6. Fee Waivers and Discounts

• High-Volume Customers: Customers with monthly transaction volumes exceeding 1,000,000 XAF may qualify for reduced fees. Contact KFS for details.
  
• Promotional Offers: KFS may offer temporary fee waivers or discounts as part of promotional campaigns.
  

7. Transparency and Disclosure

• All fees are clearly displayed during the transaction process.
  
• Customers are notified of applicable fees before confirming transactions.
  
• Detailed fee information is available on the KFS website and mobile app.
  

8. Contact Information

For questions or concerns regarding fees, please contact:

• Customer Support: help@kangfintechsolutions.com
  
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Address:
Kang Fintech Solutions
Bamenda, North West Region, Cameroon

By adhering to this fee schedule, KFS ensures transparency, fairness, and customer satisfaction in all financial transactions.

Kang Fintech Solutions (KFS)
Empowering Financial Innovation in Cameroon.