May 25, 2022

Mpesa Rates and Tariffs- A Comprehensive Guide for All Your Questions Answered

Mpesa Transation Charges

What is Safaricom?

Safaricom is a leading mobile telecommunications company in Kenya. They offer mobile money transfer, mobile banking services, and voice and data communications through their network.

Safaricom was founded in 1997. It is the leading wireless services provider in Kenya, with over 17 million subscribers (2017). Safaricom offers a wide range of products and services to its customers, including voice, data, SMS, M-PESA, M-Shwari, M-Kesho, airtime top-up cards, and many more.

How do Mpesa Transactions Work?

Mpesa is the most popular mobile banking application in Kenya. In this article, we will explain how Mpesa transactions work.

In Kenya, Mpesa is the most popular mobile banking application. It’s a simple and convenient way to transfer money from one person to another or pay bills with a text message.

To send money through Mpesa, you need a Mpesa account. You also need to know the recipient’s phone number and the amount of money you want to send them.

The sender enters their account details in the “Send Money” tab on their Mpesa app and sends a text message containing all relevant information to the recipient’s mobile phone number. The recipient receives the text message, which in essence confirms the completion of the money transfer process.

See also  Co-operative Bank Paybill Number: How to Deposit Money From Mpesa to Co-op Bank

How Much Do Mpesa Transactions Cost?

The cost of a Mpesa transaction depends on the amount of money being transferred. Transferred as a fee for the transfer. It is important to note that depositing and receiving money on mpesa is free.

Mpesa Withdrawal Charges

MinimumMaximumM-Pesa Charges
149N/A
5010010
10150027
5011,00028
1,0011,50028
1,5012,50028
2,5013,50050
3,5015,00067
5,0017,50084
7,50110,000112
10,00115,000162
15,00120,000180
20,00135,000191
35,00150,000270
Mpesa Withdrawal Charges table

Cost for Sending Money to Registered M-PESA Users, Business Till To customer and Pochi La Biashara

Min(KSHs.)Max(KSHs.)M-PESA Charges
149FREE
50100FREE
1015006
5011,00012
1,0011,50022
1,5012,50032
2,5013,50051
3,5015,00055
5,0017,50075
7,50110,00087
10,00115,00097
15,00120,000102
20,00135,000105
35,00150,000105
50,001150,000105
Transfer to other M-PESA Users, Pochi La Biashara and Business Till To customer

Cost of Sending Money to Unregistered Users on Mpesa

Min(KSHs.)Max(KSHs.)M-PESA Charges
149N/A
50100N/A
10150045
5011,00049
1,0011,50059
1,5012,50074
2,5013,500112
3,5015,000135
5,0017,500166
7,50110,000205
10,00115,000265
15,00120,000288
20,00135,000309
35,00150,000N/A
50,001150,000N/A
Table: Cost of Sending Money to Unregistered Users on Mpesa

Mpesa transactions Charges for ATM Withdrawal

The following are the M-Pesa transaction charges for ATM Withdrawal:

Minimum KshMaximum KshM-PESA Charges
2002,50034
2,5015,00067
5,00110,000112
10,00120,000197

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