New M-Pesa Transaction Charges 2021

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Safaricom has taken a step to reduce its M-PESA transaction charges by up to 45% in 2021, for transactions between KES 101 and KES 7,500. These cost reductions will affect more than 90 percent of all customer transactions when sending money.

For instance, it will now cost:

KES 6 to send between KES 101 and KES 500, down from KES 11.
Transactions between KES 1,501 and KES 2,500 will cost KES 32 down from KES 41.

Some perks will still be available. All transactions of KES 100 and below will remain free. In addition, all M-PESA customers will continue to enjoy free transactions when withdrawing money from their bank accounts to M-PESA.

“The price cuts are permanent, effective 1st January 2021. They will enable our more than 26.8 million customers to continue enjoying lower costs whenever they send money,” says Safaricom.

M-PESA Transactions Costs in 2021

Maximum Amount Customer Can Transact Daily

Maximum Amount Customer Can Hold in M-PESA

300,000

300,000


New M-PESA Tariffs will be as below:

Send Money

Min

Max

Fee

49

50

100

101

500

6

501

1000

12

1001

1500

22

1501

2500

32

2501

3500

51

3501

5000

55

5001

7500

75

7501

10000

87

10001

15000

97

15001

20000

102

20001

25000

105

25001

30000

105

30001

35000

105

35001

40000

105

40001

45000

105

45001

50000

105

50001

70000

105

70001

150,000

105

The reduced M-Pesa transaction rates for 2021 will equally apply to transactions for micro-Businesses under the new Pochi La Biashara service, and for Lipa Na M-PESA businesses using the Transacting Till to make payments.

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