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.
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.
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