July 18, 2018
MPesa

These are the New M-Pesa Rates as of July 2018

If you use Safaricom’s M-Pesa, then you should know that the telco has adjusted its rates upwards as of the 1st of July 2018. The adjusted M-Pesa rates as of July 2018 are in line with the Finance Bill, 2018 and the Provisional Collection of Taxes and Duties Act, take effect on July 1, 2018.

As you will see below, there is still no transaction cost when sending less than Ksh 100 but you will be limited to three transactions per day. For the other transactions, you should be ready to pay a little bit more for each transactions. Nothing crazy but you will feel the pinch if you regularly use M-Pesa for business or personal purposes.

Below is a look at the new M-Pesa rates introduced by Safaricom.

Transaction Range (KShs) Customer Charges

Transaction Type and Customer Charges (KShs)

Min Max Transfer to M-PESA Users Transfer to Other Mobile Money Users Transfer to Unregistered Users Withdrawal from M-PESA Agent
1 49 FREE N/A N/A N/A
50 100 FREE N/A N/A 10
101 500 11 11 45 27
501 1,000 15 15 49 28
1,001 1,500 26 26 59 28
1,501 2,500 41 41 74 28
2,501 3,500 56 56 112 50
3,501 5,000 61 61 135 67
5,001 7,500 77 77 166 84
7,501 10,000 87 87 205 112
10,001 15,000 97 97 265 162
15,001 20,000 102 102 288 180
20,001 35,000 105 105 309 191
35,001 50,000 105 105 N/A 270
50,001 70,000 105 105 N/A 300

ATM Withdrawal Rates

Transaction Range (KShs) Customer Charge
Min Max
200 2,500 34
2,501 5,000 67
5,001 10,000 112
10,001 20,000 197

Other Transactions

Other Transactions KShs
All Deposits FREE
M-PESA Registration FREE
Buying Airtime through M-PESA FREE
M-PESA Balance  Enquiry FREE
Change M-PESA PIN FREE

Note:

Maximum Account balance Is Ksh 100,000

Maximum daily transactions value is Ksh 140,000. Maximum per transaction is Ksh 70,000

You cannot withdraw less than Ksh 50 at an M-Pesa agent outlet

Also Read: Safaricom Launches Loyalty Promotion To Reward M-PESA Customers