East Africa’s most profitable telecommunications giant Safaricom has revised some Mpesa transaction charges effective January 2021.
The new tariffs will cost you only Ksh 6 to send between Ksh 101- Ksh 500. This means that you will save 5 shillings because the current charge is Ksh 11.
Sending Ksh 501 – Ksh 1000 will cost you Ksh 12 down from Ksh 15.
However, the telco maintained the cost of withdrawal from Mpesa agents and the costs of sending larger amounts of cash. For example, you will still be charged Ksh 28 to withdraw cash 1000
In a statement released on December 22. the company CEO, Mr Peter Ndegwa said the move was informed by the fact that most Mpesa users move smaller amounts of money.
The 45% reduction comes shortly before the expiry of the Corona inspired waiver. It is also in line with the new CBK rules the require mobile money operators to revise their rates to conform to the new guidelines of
Transferring say between 50k to 150k will cost you 105, but you will need Ksh 300 to withdraw such amounts.