Mpesa is Kenya’s most popular mobile money service. A majority of Kenyans use the service to send and receive money, make payments, make savings and seek short-term loans. The platform charges various rates depending on the nature of transaction.
The rates were revised at the start of the year 2021 following a period of free transactions in sending and receiving money of up to Ksh 1,000. This was to encourage Kenyans to switch to cashless options in the fight against Covid-19. READ FULL STORY
Moreover, Mpesa from Safaricom will retain the increased holding limit of one’s M-pesa account at Ksh 300,000. Small and Medium Enterprises will continue to enjoy this service in handling their payments.
Free transactions from M-pesa to Banks allowing as many people as possible to stay away from cash options that contribute towards the spread of Covid-19 will also remain in place.
Below are the revised charges which saw a reduction from the previous rates issued pre-covid.
Read: Updated Safaricom Mpesa Charges 2020: Sending and Withdrawal Rates
| AMOUNT |
WITHDRAWAL FROM AGENT |
| 1-49 |
N/A |
| 50-100 |
10 |
| 101-500 |
27 |
| 501-1000 |
28 |
| 1001-1500 |
28 |
| 1501-2500 |
28 |
| 2501-3500 |
50 |
| 3501-5000 |
67 |
| 5001-7500 |
84 |
| 7501-10000 |
112 |
| 10001-15000 |
162 |
| 15001-20000 |
180 |
| 20001-35000 |
191 |
| 35001-50000 |
270 |
| 50001-150000 |
300 |
