List of Safaricom Mpesa charges on transactions.

List of Safaricom Mpesa charges on transactions.

These Mpesa Charges are provided for customers and business owners to utilise as a guide while doing financial transactions on their mobile phones. The Mpesa Withdrawal Charges, Sending Charges, and All Mpesa Rates tables below have been revised for 2023.

If Mpesa didn't exist, where would Kenya be? That's an ideal question to ask another time. Over the years, millions have benefited from innovations like Safaricom's Mpesa. You now pay extra to transfer or receive money using Mpesa on your mobile device because of a recent revision to Safaricom's charges.

Mpesa withdrawal charges (KShs)

Do you need to make a withdrawal from Mpesa and were curious about the charges that have just been implemented? I've typed out all of the charges for you to see below:

Here are the current Mpesa Withdrawal Charges from an Agent:

The table above details Safaricom's withdrawal limits. For instance, the minimum amount you may withdraw from an M-PESA agent location is KSHs. 50.

Mpesa charges for sending money to unregistered users.

These are the Mpesa sending charges:

Mpesa charges for sending money to Mpesa users:

Mpesa transactions rates: ATM Withdrawal

The following are the Mpesa transaction charges for ATM withdrawals:

New Mpesa Charges Summary

Safaricom’s new Mpesa rates will force the user to pay the following fees in every transaction:

• All deposits to your account or receiving money on Mpesa are free.
• You won’t be charged anything if you send between Ksh 1- 100 to other MPesa users.
• If you are sending an amount of between 50 to 1,00, M-Pesa won’t be charged.
• Withdrawing any amount between KshFive hundred one01 to Ksh 1,000 will cost you Ksh 28 shillings.
• Sending any amount between KSh. 1501 to Ksh 2500 will cost you 22 Kenyan shillings.
• Sending an amount of more than 2501 and less than 3500 will be charged at Ksh 51 bob.
• If you want to withdraw Ksh 5,000, you must leave 67 shillings to Safaricom.
• And to send Ksh5000, you will be charged Ksh 55 bob.
• Sending Ksh 10,000 shillings will cost Ksh 87 bob.
• While sending Ksh 20,000 will cost you 102 shillings.
• And when you go to withdraw the Ksh 20,000, you will part with Ksh 180.

That is just a summary of the new Mpesa rates Safaricom LLC updated in December last year.

Overall, Mpesa is a game-changing mobile payment technology that has revolutionised money transfer in Kenya. Customers and organisations alike like the service's ease of use, security, and competitive pricing.

The service has propelled Kenya to the forefront of the mobile payments industry, and it has served as an example for other nations to follow. The popularity of Mpesa has helped spur the creation of similar financial technology platforms.

Without a question, Mpesa has had a significant effect on Kenya, and the country's achievements serve as a model for other low-income nations.

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