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 transaction. Nothing crazy but you will feel the pinch if you regularly use M-Pesa for business or personal purposes.
What are the Current M-Pesa Charges?
Below is a look at the new M-Pesa rates introduced by Safaricom as of March 2022. These charges may change over time and we will try to update them if and when that happens.
| 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 | 6 | 6 | 45 | 27 |
| 501 | 1,000 | 12 | 12 | 49 | 28 |
| 1,001 | 1,500 | 22 | 22 | 59 | 28 |
| 1,501 | 2,500 | 32 | 32 | 74 | 28 |
| 2,501 | 3,500 | 51 | 51 | 112 | 50 |
| 3,501 | 5,000 | 55 | 55 | 135 | 67 |
| 5,001 | 7,500 | 75 | 75 | 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 |
What are the current M-Pesa ATM Withdrawal charges?
if you are planning to withdraw money from your M-pesa account through an ATM, below are the charges.
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 |
What is the maximum account you can have as your M-Pesa balance?
The Maximum Account balance Is Ksh 300,000
What is the maximum daily transaction value of M-Pesa?
The maximum daily transactions value is Ksh 300,000. The maximum per transaction is Ksh 150,000
You cannot withdraw less than Ksh 50 at an M-Pesa agent outlet.
Also Read: Safaricom Launches Loyalty Promotion To Reward M-PESA Customers
