Safaricom announced last week that sending cash below Kes 100 to registered Mpesa users will not attract any charges.
The maximum account balance is now Ksh. 300,000 up from Ksh. 100,000. You can transact up to Ksh. 300,000 in a single day, with a maximum of Ksh. 150,000 per transaction.
Chief Executive Officer Peter Ndegwa said the new tariffs are in consideration of the expiry of the period for the zero-rated M-PESA transactions and the ongoing Covid-19 and economic circumstances.
According to Ndegwa, the price cuts are permanent, effective 1st January 2021 and will enable more than 26.8 million customers to continue enjoying lower costs whenever they send money.
The reduced tariffs will also apply to the Company’s new Pochi La Biashara service, and for Lipa Na M-PESA businesses using the Transacting Till to make payments.
As indicated in the Mpesa charges table below, users will not be charged for sending or receiving money below kes. 100 and also transactions below Kes. 1000 will not be charged more than Kes. 20.
M-Pesa Transaction Charges effective 1st January 2021