Safaricom Announces New M-Pesa Charges 

New P-pesa charges. Safaricom telecommunications company has announced new charges for customers.

Safaricom Users enjoy the services of carrying out different transections including lipa na M-PESA, withdrawal, and transferring money to other Safaricom Users and other networks.

On Thursday September 20 the telecommunications company announced new charges for customers who will be sending between Ksh151,000 and Ksh250,000.

For a registered M-Pesa user, the cost of transferring between KSh 150,001 and Ksh250,000 will be charged Ksh108.

To transfer to unregistered MPESA users will cost Ksh318 and withdrawal will cost Ksh309.

Transfer of similar amounts to Pochi la Baishara and Business Till Number will cost Ksh108.

The Central Bank of Kenya (CBK) recently increased the daily mobile money transaction limit to Ksh500,000 as digital transactions take root in the country.

Safaricom has today increased M-PESA transactions limit to Ksh250,000 for each transaction,” the company announced in a statement.

The new move will see the addition of a new transaction band of Ksh151,000 to Ksh250,000 for Send Money, Lipa Na M-PESA, BuyGoods, PayBill and all other transactions.

Mobile money transaction are common in Kenya ahead of other African powerhouses as locals ditch cash for safer and faster transactions.

Time to time the Safaricom telecommunications company reviews its transaction limits to accommodate the growing importance of digital finance in the lives of Kenyans.

Telcos recently welcomed the move by CBK to review transaction limits, even as State agencies move to improve the safety of mobile transactions in the country.

According to the Safaricom CEO Peter Ndegwa the increased limit would provide clients with additional convenience and ease of doing business.

Safaricom telecommunications company CEO Peter Ndegwa has announced new M-Pesa charges for customers for a number of transections.