Here Are The New MPESA Charges Effective 1st January 2021

Jumia
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Safaricom has today [Dec 22, 2020 ] announced a major change to MPESA charges where they say they will be reduced upto 45% effective next year.

New MPESA Charges 2021

New MPESA Charges 2021

“As guided by the Central Bank of Kenya and taking into account the Principles on the pricing of mobile money services, we have taken the decision to reduce our MPESA tarrifs by upto 45% for lower value transaction bands,” the company said in the notice.

Safaricom says that these tariff reductions will affect more than 90% of all customer transactions when sending money. For example, it will cost KES 6 to send between KES 101 and KES 500 down from KES 11 and sending between KES 1501 and KES 2500 will cost KES 32 down from KES 41.

All transactions of KES 100 and below will remain free. In addition , all M-PESA customers will continue to enjoy free transactions between M-PESA and bank accounts.

The company says this is in consideration of the expiry of the period for zero rated MPESA transactions and ongoing COVID-19 and economic circumstances.

Here are the new charges that will be effective from January 1st 2020 and will remain permanent.

MIN MAX TRANSFER TO MPESA USERS, POCHI LA BIASHARA AND BUSINESS TILL TO CUSTOMER TRANSFER TO OTHER REGISTERED MOBILE MONEY USERS TRANSFER TO UNREGISTERED USERS WITHDRAW FROM MPESA AGENT
1 49 Free Free N/A N/A
50 100 Free Free N/A 10
101 500 6 6 45 27
501 1000 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
50,001 150,000 105 105 N/A 300

 

Just like it was mentioned below on the CBK directive, all transactions of KES 100 and below will remain free. Safaricom says that all MPESA customers will continue to enjoy free transactions between MPESA and bank accounts. They have also maintained the KES 300,000 limit to transact in a day and the KES 300,000. You can hold in your MPESA account that was brought forth this year as part of the COVID-19 related measures.

The company also mentions that the new reduced tariffs will also apply to transactions for micro-businesses under their new Pochi La Biashara service. Lipa Na MPESA businesses using the Transacting till to make payments will enjoy the new tariffs as well.

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