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Latest Safaricom M-Pesa Transaction Charges

Introduction to M-Pesa

Safaricom PLC owns M-Pesa, a mobile money service that allows customers to deposit, transfer, withdraw money, and conveniently pay for goods and services. Understanding the charges associated with M-Pesa is vital for effective financial management. With millions of users, M-Pesa is an integral part of daily life. This article provides a clear, concise guide to Safaricom M-Pesa charges.

M-Pesa Charges

Understanding the various charges can help users maximize the benefits of M-Pesa. Here are the main charges associated with the service:

Sending Money

The cost of sending money varies depending on the amount sent. The charges are tiered as follows:

Amount (KES) Transfer to M-Pesa Users (KES) Transfer to Other networks(Airtel&Telkom)  (KES)
1 – 49 Free N/A
50 – 100 Free Free
101 – 500 7 7
501 – 1,000 13 13
1,001 – 1,500 23 23
1,501 – 2,500 33 33
2,501 – 3,500 53 53
3,501 – 5,000 57 57
5,001 – 7,500 78 78
7,501 – 10,000 90 90
10,001 – 15,000 100 100
15,001 – 20,000 105 105
20,001 – 35,000 108 108
35,001 – 50,000 108 108
50,001 – 250,000 108 108

Withdrawal Charges

Withdrawal charges apply when withdrawing money from an M-Pesa agent. These charges depend on the amount withdrawn:

Amount (KES) Agent Withdrawal Charges (KES)
1 – 49 N/A
50 – 100 11
101 – 500 29
501 – 1,000 29
1,001 – 1,500 29
1,501 – 2,500 29
2,501 – 3,500 52
3,501 – 5,000 69
5,001 – 7,500 87
7,501 – 10,000 115
10,001 – 15,000 167
15,001 – 20,000 185
20,001 – 35,000 197
35,001 – 50,000 278
50,001 – 250,000 309

Lipa na M-Pesa Charges

Using M-Pesa to pay for goods and services can be free or come with a fee, depending on the service. Most consumer transactions are free. However, some services may deduct a fee, which can vary based on the merchant and the amount. Always check with the specific merchant for any applicable charges.

ATM Withdrawal Charges

Withdrawing money from an ATM using M-Pesa incurs the following charges:

Amount (KES) ATM Withdrawal Charges (KES)
200 – 2,500 35
2,501 – 5,000 69
5,001 – 10,000 115
10,001 – 35,000 203

Other Transactions

Transaction Type Charges (KES)
All Deposits Free
M-Pesa Registration Free
Buying Airtime through M-Pesa Free
M-Pesa Balance Enquiry Free
Change M-Pesa PIN Free

Important Limits

Safaricom M-Pesa has specific limits to ensure secure and efficient transactions:

  • Maximum account balance: Kshs. 500,000
  • Maximum daily transaction value: Kshs. 500,000
  • Maximum amount per transaction: Kshs. 250,000
  • Minimum withdrawal amount at an agent: Kshs. 50

These limits help manage and protect your mobile money effectively.

Davies

I'm passionate about the latest tech and money insights. I enjoy keeping up with new technologies and understanding financial trends.

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