Home » Articles » Safaricom M-Pesa Changes its transaction rates | Thursday , 1st March 2012

Safaricom M-Pesa Changes its transaction rates | Thursday , 1st March 2012

Check the latest M-Pesa Transactions rates as of January 2014 Here

Safaricom has introduced new transaction rates to its mobile money transfer service and apparently from the look of things the charges are incremental in that you get to be charged more for transacting larger amounts and lesser as shown in the new transfer charges, which had a flat rate of transferring any amount from Ksh101-35,000 from the flat rate of Ksh30 and Ksh60 for amounts between 35,001-70,000.

TABLE SHOWING CHANGES IN M-PESA TRANSACTION RATES.

CUSTOMER CHARGES

 

TRANSACTION CHARGES

Transaction Type and Customer Charge (KShs)

MIN

MAX

Transfer to Other M-pesa Users

Transfer to Unregistered M-pesa Users

Withdrawal from M-pesa Agent

10 49 3 N/A N/A
50 100 5 N/A 10
101 500 25 60 25
501 1000 30 60 25
1001 1500 30 60 25
1501 2500 30 60 25
2501 3500 30 80 45
3501 5000 30 95 60
5001 7500 50 130 75
7501 10000 50 155 100
10001 15000 50 200 145
15001 20000 50 215 160
20001 25000 75 250 170
25001 30000 75 250 170
30001 35000 75 250 170
35001 40000 75 N/A 250
40001 45000 75 N/A 250
45001 50000 100 N/A 250
50001 70000 100 N/A 300

Charges Summary for sending money to registered users

Ksh10-49 will cost you Ksh 3

Ksh50-Ksh100 will cost Ksh5

Ksh 501-5000 will cost you Ksh30

Ksh5001-20000 will cost you Ksh 50

Ksh20001-45000 will cost Ksh75

Ksh45001-70000 will cost Ksh100

There is still no clear indication on changes on Paybill charges though these have largely remained varied given the type of organization/business you are paying to and the amount you are paying.

Other M-pesa services are still free e.g. registration and purchase of airtime via Mpesa. Balance enquiry still is charged at Ksh 1 and change of M-pesa Pin stills remains at Ksh20.

One good thing about the change is the ability for one to send as little as Ksh10 for only Ksh3 which initially you could only send a minimum of Ksh50.

Another loser for M-pesa withdrawals is the range of Ksh 3,500-5,000 which earlier attracted a withdrawal charge of Ksh45 but has been moved to Ksh60

A full list of the new Mpesa Tariff is available here.

For More queries

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commentscomments

  1. Julie says:

    This is the best thing that has ever happened when it comes to money transfer,
    You have saved many lives by making M-Pesa an instant way of getting cash. Long Live M-pesa.

  2. Joseph says:

    Most convinient,affordable,fast,secure and wide spreading way to send money.

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