Standard tariff applies for transactions not included in the bundled current. The new 2020 mpesa commission structure is aimed at ensuring agents getter better rewards on highvalue transactions and as an incentive to hold adequate float. Mpesa trasfer charges and rates buying guides, specs. Mpesa rates, mpesa tariffs, mpesa withdrawal charges, m. These are the new safaricom mpesa withdrawal and sending charges as of 2020. According to the company, the change was necessitated by the finance bill 2018 which raises the excise tax on mobile money from 10% to 15%. The charges for this service are the same as when withdrawing from any mpesa agent. Knowing how to get your mpesa statement online can help you account for money and monitor your expenditure by providing your mobile transaction details. With these mpesa sending and withdrawal charges, registered safaricom users will pay ksh15 for sending ksh and ksh28 to withdraw the same amount. These rates effected on 1st july 2018 according to an announcement made by kenyas leading mobile network operator. These rates effected on 1st july 2018 according to an announcement made by kenyas leading mobile. Transaction charges kes 50 withdrawals against uncleared effects 3% of advance sme banking accounts a current account 1. You are also limited to 2 transactions of the same amount everyday.
Safaricom accepts deposits of cash from customers with a safaricom cell. Safaricom kenya mpesa transfer and withdrawal charges depend on the amount in the transaction. When depositing and withdrawing money via mpesa paybill number,you incur costs. Safaricom mpesa withdrawal and sending charges 2020. You get to choose the type of transaction you want to view their history i. Mpesa agents earn money through making deposits and facilitating withdrawals. Safaricom lipa na mpesa paybill charges 2020 chart rate. After you activate your account, you can start using mpesa services. Sending ksh1,000 will cost ksh15 while a rate of ksh28 will be charged for withdrawing the same amount. The charges vary depending on the amount to transact. Mpesa pay bill charges transaction bands mpesa charges ksh ksh 10 to 99 5 100 to 999 10 1,000 to 2,499 22 2,500 to 4,999 33 5,000 to 9,999 68 10,000 to 34,999 101 35,000 to 49,999 197. For mpesa accounts that are not used for more than 150 days, a fee of tsh 600 will be charged for account maintenance every month.
The business mgao tariff presents a fair deal for both the business and the customer. Feb 23, 2020 these are the new safaricom mpesa withdrawal and sending charges as of 2020. Safaricom mpesa charges, rates and tariffs in kenya 2020 for withdrawal and sending money from an agent pdf. Mpesa has spread quickly, and by 2010 had become the most successful mobilephonebased financial service in the developing world. Mpesa charges depends on the amount in the transaction. You can use the service to pay between 50 shillings and ksh 70,000. Below we present tariffs for varying amount of money transacted via mpesa paybill.
Dec 28, 2019 the mpesa account management which is the main thing in the safaricom selfcare web portal lets you keep track your mpesa transactions for the last six months. You can use your mpesa menu to buy airtime for your phone, or for someone else. Lipa na mpesa charges differ from standard mpesa fees and other transaction charges. These rates came as a result of a 2% increment from 10% to 12% in mobile money transaction costs as announced by the treasury cabinet secretary, henry rotich. Currently, it costs more amount to send money to an unregistered number in 2019.
Mpesa withdrawal charges 2019 that safaricom mpesa agents. Similarly, we shall list safaricom mpesa transaction charges sheet and pdf chart for sending money for 2020. Below are the safaricom mpesa charges 2018 for all tariffs both withdrawal, transfer to both registered and. These vodacom tanzania mpesa tariffs and charges are applicable when sending and receiving money. Apr 03, 2020 mpesa charges safaricom mpesa transactional charges and tariffs mpesa charges withdrawal from mpesa agent kenyans will from july 1, 2018 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect. Change of mpesa transaction costs dear esteemed customer, this is to inform you that we will include an extra 2% charge on the tariff for mpesa bulk disbursements transactions following the. May 12, 2018 when depositing and withdrawing money via mpesa paybill number,you incur costs. This is a cash collection service that allows organizations to collect money regularly from your customers through mpesa. The mpesa charges have increased by an average of 1 shilling for withdrawing, including via atms, and sending money. Safaricom lipa na mpesa paybill charges 2020 chart rate ugwire. How to check lipa na mpesa paybill charges ekopa mag.
Calculate safaricom lipa na mpesa transaction charges and fees for paying good and services through mpesa paybill number and till numbers including banks, kenya power, zuku, startimes, dstv. Agents who are located at strategic locations tend to make higher transactions and thus they earn more commissions. Instead of going through a tedious process of having to visit a safaricom retail store to access your mpesa statements, customers can now easily selfregister for the service at the comfort of. Mpesa tariffs no transaction without an original id ke customer charges transaction range kshs transaction type and customer charges kshs min max transfer to mpesa users transfer to other mobile money users transfer to unregistered users withdrawal from mpesa agent 1 49 free na na na 50 100 free na na 10. The minimum amount you can withdraw via mpesa in a day is ksh. Jan 23, 2020 the new 2020 mpesa commission structure is aimed at ensuring agents getter better rewards on highvalue transactions and as an incentive to hold adequate float. Mpesa charges safaricom mpesa transactional charges and tariffs mpesa charges withdrawal from mpesa agent kenyans will from july 1, 2018 have to dig deeper into their pockets as.
The vodacom tariffs include charges for transfers to other registered customers which are lower, just like in kenyas safaricom mpesa. Kenyans will from july 1, 2018 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect. The new 2020 mpesa tariffs for sending or transferring, withdrawing or. Calculate how much it will cost to withdraw from an. New mpesa tariffs, 2020 charges for sending and withdrawal. If you wish to make a balance query you will be charged tsh 60. The maximum one can send using mpesa is ksh 70000 per transaction.
Deposit, send money that was sent and withdraw money that was withdrawn and costs involved. The mpesa mobile payment system was launched in kenya in 2007. Mpesa pay bill charges the charges below shall apply for amounts being paid to the sacco through mpesa. If you do not have the merchant number, call safarciom directory on 191 and ask for the. This service is free and you will only pay for the airtime purchased. Safaricom mpesa is the mostly accepted and used mobile money transfer service. Mpesa withdrawal charges and rates posted in mpesa kenya, mpesa pay bill last updated on march 2nd, 2020 by harrison m current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and mpesa tariffs when transferring cash both to registered and nonregistered mpesa users. Safaricom introduces new mpesa transaction charges. Safaricom lipa na mpesa paybill charges for 2020 chart rate and calculator. Therefore, you will have to send the 140,000k in two batches. To reverse a lipa na mpesa paybill, you have to contact the merchant directly and request for the reversal. Mpesa charges will depend on the amount you are sending or withdrawing.
With the new rates, mpesa users will pay the following charges for their transactions. Mpesa is a mobile financial service that allows you transfer and withdraw money, pay bills as well as buy airtime vouchers, credelec, jackpot and pay different services, such from your mobile phone. Jul 02, 2018 first in line is safaricom who recently announced a change in their mpesa transaction charges effective july 1, 2018. Transaction range kshs customer min max charge 200 2,500 34 2,501 5,000 67 5,001 10,000 112 10,001 20,000 197 other transactions kshs all deposits free mpesa registration free buying airtime through mpesa free mpesa balance enquiry free change mpesa pin free pursuant to the finance bill 2018 and the provisional collection of taxes and. Mpesa customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents. Lipa na mpesa cost calculator paybill, till number charges. You use your mpesa statement to keep an eye on your safaricom mpesa transactions and as we have seen, there are a couple of ways you can use to obtain the statement. Mpesa displays account balances on every transaction confirmation for free. The amount you pay will largely depend on the amount you are transacting. No withdrawal for ksh 50 at a mpesa agent or atm outlet.
Range ksh transaction type and customer charge ksh transfe r to withdrawal other from. Mpesa the largest and most innovative mobile financial service in tanzania has enriched its. Mpesa tariffs no transaction without an original id ke customer charges transaction range kshs transaction type and customer charges kshs min max transfer. Mpesa m for mobile, pesa is swahili for money is a mobile phonebased money transfer service, payments and microfinancing service, launched in 2007 by vodafone group plc and safaricom, the. Apr 05, 2020 this is a cash collection service that allows organizations to collect money regularly from your customers through mpesa. Jan 01, 2020 the amount you pay will largely depend on the amount you are transacting. Lipa na mpesa charges differ from standard mpesa fees and other. You should also note that you can only send a maximum of 70,000 per transaction. It creates value to users by reducing transaction costs and cutting lead times to zero, and captures the value by charging transaction charges of 0%2% to the receiving party of the transaction. Today, as it faces new challenges, it has 30 million users in 10 countries and three continents. Feb 21, 2017 the mpesa mobile payment system was launched in kenya in 2007. First in line is safaricom who recently announced a change in their mpesa transaction charges effective july 1, 2018. You can now make contributions directly into your nssf account through mpesa.
Here are the latest mpesa tanzania charges for 2019. It will now cost ksh26 to send ksh1,500 and sh56 for ksh 3,500. How to reverse mpesa to wrong number, paybill or till. Bank summary minimum rate of charges, commission and.
Check for any update on the vodacom tanzania mpesa tariffs and charges website. Mpesa rates safaricom mpesa charges and tariffs withdrawal. With the current advancement in mobile money transactions methodology, there has been a steady rise in business sales and services. New mpesa charges 2019 updated mpesa rates fleekbook. This is a fast, easy and convenient way to increase your contributions through your mobile phone. Jul 31, 2019 you use your mpesa statement to keep an eye on your safaricom mpesa transactions and as we have seen, there are a couple of ways you can use to obtain the statement. Change of mpesa transaction costs dear esteemed customer, this is to inform you that we will include an extra 2% charge on the tariff for mpesa bulk disbursements transactions following the passing of the finance act last year and increase of excise duty on mobile money transfers from 10% to 12%. Safaricom lipa na mpesa paybill charges for 2020 chart rate, pdf and calculator. Safaricom cited the financial bill 2018 and the provisional collection of taxes and duties act as the reason for the adjustment in the mpesa. Mpesa withdrawal charges and rates posted in mpesa kenya, mpesa pay bill last updated on march 2nd, 2020 by harrison m current safaricom mpesa charges for. Dec 22, 2017 safaricom mpesa is the mostly accepted and used mobile money transfer service. In other words, this entails the transaction charges for sending money to both registered and unregistered mpesa users from 2019 to 2020.
Existing mpesa rules and charges apply when paying remittances maximum transaction amount per day is ksh140, 000 and the maximum amount transferable per transaction is ksh 70, 000. To transact, your safaricom line and mpesa account must be active. Safaricom introduces new mpesa transaction charges, limits. Mpesa rates 2019 safaricom mpesa charges and tariffs. The maximum one can send using mpesa still stands at ksh 70,000 per transaction with a daily mpesa transaction limit of kshs 140,000. Safaricom accepts deposits of cash from customers with a safaricom cell phone sim card and who have registered as m. For the avoidance of doubt, we have compiled the various mpesa rates according to the transaction and the money involved. There are no mpesa charges when buying safaricom airtime through mpesa. Mpesa charges depend on the amount you are sending or withdrawing. Below are the safaricom mpesa charges 2018 for all tariffs both withdrawal, transfer to both registered and unregistered users. The maximum amount to withdraw from an atm is 400,000 per transaction and 1,000,000 per day. Here safaricom uses a special mpesa paybill charges calculator to split the cost of the transaction in such a way that both parties of the transaction go home happy. Here are the safaricom mpesa rates mpesa charges safaricom mpesa transactional charges and tariffs mpesa charges withdrawal from mpesa agent. The mpesa account management which is the main thing in the safaricom selfcare web portal lets you keep track your mpesa transactions for the last six months.
Users have been experiencing new safaricom mpesa rates that were announced earlier in july following the budget reading treasury cs henry rotich presented the budget in parliament in june where he. Mpesa charges 2020 withdrawal sending from agent pdf ugwire. Pdf mpesa rates and charges isaac mugwandia academia. With the current advancement in mobile money transactions methodology, there has been a steady rise in business. According to the company, the change was necessitated by the finance bill 2018 which raises the excise tax on mobile money from. Lipa na mpesa charges are different from safaricom mpesa charges or safaricom mpesa rates as well as other mpesa transaction charges. The following are the mpesa trasfer charges and rates 2020. Current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and mpesa tariffs when transferring cash both to registered and nonregistered mpesa users. These are the latest vodacom tanzania mpesa tariffs and charges for sending and withdrawing money, paybill and mpesa tanzania transaction charges for mpawa loan.
Business current account minimum operating balance ledger. Its also worth noting that mpesa charges increased with the passage of the new finance bill 2018 by the kenyan parliament and the provisional taxes and duties collection act sometimes in mid2018. Mpesa pay bill charges transaction bands mpesa charges ksh ksh 10 to 99 5 100 to 999 10 1,000 to 2,499 22 2,500 to 4,999 33 5,000 to 9,999 68 10,000 to 34,999 101 35,000 to 49,999 197 50,000 to 70,000 205 the charges above shall apply for amounts being paid to the sacco through mpesa. All new mpesa charges 2020, transferring cost photo mpesa account and transaction limits. As a result, deposit commissions have increased by 12% 170% across the bands as seen in the table below. Safaricom lipa na mpesa paybill charges and rates for. Jul 01, 2018 safaricom has today adjusted their mpesa charges. So here are the latest rates and charges for mpesa transfer. Business mgao tariff split charges between customer and business.
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