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.

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

Minimum	Maximum	M-Pesa Charges
1	49	N/A
50	100	10
101	500	27
501	1,000	28
1,001	1,500	28
1,501	2,500	28
2,501	3,500	50
3,501	5,000	67
5,001	7,500	84
7,501	10,000	112
10,001	15,000	162
15,001	20,000	180
20,001	35,000	191
35,001	50,000	270

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

Min(KSHs.)	Max(KSHs.)	M-PESA Charges
1	49	FREE
50	100	FREE
101	500	6
501	1,000	12
1,001	1,500	22
1,501	2,500	32
2,501	3,500	51
3,501	5,000	55
5,001	7,500	75
7,501	10,000	87
10,001	15,000	97
15,001	20,000	102
20,001	35,000	105
35,001	50,000	105
50,001	150,000	105

Cost of Sending Money to Unregistered Users on Mpesa

Min(KSHs.)	Max(KSHs.)	M-PESA Charges
1	49	N/A
50	100	N/A
101	500	45
501	1,000	49
1,001	1,500	59
1,501	2,500	74
2,501	3,500	112
3,501	5,000	135
5,001	7,500	166
7,501	10,000	205
10,001	15,000	265
15,001	20,000	288
20,001	35,000	309
35,001	50,000	N/A
50,001	150,000	N/A

Mpesa transactions Charges for ATM Withdrawal

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

Minimum Ksh	Maximum Ksh	M-PESA Charges
200	2,500	34
2,501	5,000	67
5,001	10,000	112
10,001	20,000	197