MPesa reduces transaction charges for 2021 – New MPesa Rates

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

Min Max Transfer Fee 
0 49 0
50 100 0
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
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2 Comments

  • L.Njeru

    31/12/2020 - 11:11

    Wow! That’s great news! That’s why they will run out of breath chasing Safcom! Go! Go! and conquer East and Central Africa like Equity Bank!

  • Kipyegon Gibson Rotich

    31/12/2020 - 12:13

    Iam happy to congratulate safaricom for considering it’s customers during this difficult time of Cris God bless you all.

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