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Here are the new M-Pesa transaction charges effective July 1st 2018

BUSINESS

Here are the new M-Pesa transaction charges effective July 1st 2018


You will now have to dig deeper into your pockets starting today, July 1 when sending money via M-Pesa. Safaricom has announced new charges for the money transfer service, of course, this comes after Treasury CS Henry Rotich during his budget reading announced that customers would now be charged 12 percent up from 10 percent of every cost of money transfer.

The new M-Pesa charges announced by Safaricom are between Ksh.1 and Ksh.3 higher with transferring Ksh.100 still remaining free. Safaricom has however limited the number of times you can send Ksh.100 to only three times a day after which you will pay Ksh.1 for amounts between Ksh.1 and Ksh.49 and Ksh.2 for transfer amounts between Ksh.50 and Ksh. 100.

Read>> Safaricom’s “Maisha Ni MPESA Tu” Campaign to reward MPesa customers and agents

Below are the new M-Pesa rates.

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Kanali is a tech editor and founder of TechTrendsKE. For product reviews, pitches, story ideas, guest posts or sponsored content, drop me an E-Mail at nickcanali@gmail.com or call +254 727 503 198.

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  1. Pingback: Here are the New Safaricom M-PESA Transaction Charges - Bitcoin KE

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