Safaricom has today adjusted their M-Pesa charges. 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 M-Pesa charges have increased by an average of 1 shilling for withdrawing, including via ATMs, and sending money. For instance sending Ksh. 1,001 – 1,500 will now cost Ksh. 26, up from Ksh. 25. Sending to unregistered numbers has gone up by a considerable amount more especially for larger sums. Sending 5,001 – 7,500 to an unregistered user is now Ksh. 166, up from Ksh. 143. In an interesting development, M-Pesa balance enquiry and changing M-Pesa PIN is now free. The two features used to previously cost Ksh. 1 and Ksh. 22 respectively.
The new M-PESA tariffs, which take effect immediately, are below:
Customer Charges | ||||||||||||||||||||||||||||||||||||
Transaction Range (KShs) | Transaction Type and Customer Charges (KShs) | |||||||||||||||||||||||||||||||||||
Min | Max | Transfer to
M-PESA Users |
Transfer to
Other Mobile Money Users |
Transfer to Unregistered Users | Withdrawal from M-PESA Agent | |||||||||||||||||||||||||||||||
1 | 49 | FREE* | N/A | N/A | N/A | |||||||||||||||||||||||||||||||
50 | 100 | FREE* | N/A | N/A | 10 | |||||||||||||||||||||||||||||||
101 | 500 | 11 | 11 | 45 | 27 | |||||||||||||||||||||||||||||||
501 | 1,000 | 15 | 15 | 49 | 28 | |||||||||||||||||||||||||||||||
1,001 | 1,500 | 26 | 26 | 59 | 28 | |||||||||||||||||||||||||||||||
1,501 | 2,500 | 41 | 41 | 74 | 28 | |||||||||||||||||||||||||||||||
2,501 | 3,500 | 56 | 56 | 112 | 50 | |||||||||||||||||||||||||||||||
3,501 | 5,000 | 61 | 61 | 135 | 67 | |||||||||||||||||||||||||||||||
5,001 | 7,500 | 77 | 77 | 166 | 84 | |||||||||||||||||||||||||||||||
7,501 | 10,000 | 87 | 87 | 205 | 112 | |||||||||||||||||||||||||||||||
10,001 | 15,000 | 97 | 97 | 265 | 162 | |||||||||||||||||||||||||||||||
15,001 | 20,000 | 102 | 102 | 288 | 180 | |||||||||||||||||||||||||||||||
20,001 | 35,000 | 105 | 105 | 309 | 191 | |||||||||||||||||||||||||||||||
35,001 | 50,000 | 105 | 105 | N/A | 270 | |||||||||||||||||||||||||||||||
50,001 | 70,000 | 105 | 105 | N/A | 300 | |||||||||||||||||||||||||||||||
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