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

MinMaxTransfer Fee 
0490
501000
1015006
501100012
1001150022
1501250032
2501350051
3501500055
5001750075
75011000087
100011500097
1500120000102
2000125000105
2500130000105
3000135000105
3500140000105
4000145000105
4500150000105
5000170000105
70001150,000105

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