Safaricom has taken a step to reduce its M-PESA transaction charges by up to 45% in 2022, 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 2022. 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 2022
|
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 |