NEW

The new M-pesa transaction rates for 2021 is out. Safaricom has a complete new transaction charges for Mpesa which is effective 1st January of 2021. The Mpesa transaction rate for 2021 has been reduced upto 45%.

Safaricom says it has reduced its M-pesa tarrifs in considering the expiring of the free less than KSH.1000 transaction fee, and also considering the country’s economy due to COVID-19.

Safaricom also confirmed a good news to kenyans, that all MPESA customers will continue to enjoy free transactions between MPESA and their bank accounts.

Here is the new 2021 Safaricom M-pesa transaction charges rates:

M-PESA Rates

Withdrawal from M-PESA Agent

Min(KSHs.)Max(KSHs.)M-PESA Charges
149N/A
5010010
10150027
5011,00028
1,0011,50028
1,5012,50028
2,5013,50050
3,5015,00067
5,0017,50084
7,50110,000112
10,00115,000162
15,00120,000180
20,00135,000191
35,00150,000270
50,001150,000300

Transfer to Unregistered Users

Min(KSHs.)Max(KSHs.)M-PESA Charges
149N/A
50100N/A
10150045
5011,00049
1,0011,50059
1,5012,50074
2,5013,500112
3,5015,000135
5,0017,500166
7,50110,000205
10,00115,000265
15,00120,000288
20,00135,000309
35,00150,000N/A
50,001150,000N/A

Transfer to other M-PESA Users, Pochi La Biashara and Business Till To customer

Min(KSHs.)Max(KSHs.)M-PESA Charges
149FREE
50100FREE
1015006
5011,00012
1,0011,50022
1,5012,50032
2,5013,50051
3,5015,00055
5,0017,50075
7,50110,00087
10,00115,00097
15,00120,000102
20,00135,000105
35,00150,000105
50,001150,000105

Transfer to other Mobile Money Users

Min(KSHs.)Max(KSHs.)M-PESA Charges
149FREE
50100FREE
1015006
5011,00012
1,0011,50022
1,5012,50032
2,5013,50051
3,5015,00055
5,0017,50075
7,50110,00087
10,00115,00097
15,00120,000102
20,00135,000105
35,00150,000105
50,001150,000105

ATM Withdrawal

Min(KSHs.)Max(KSHs.)M-PESA Charges
2002,50034
2,5015,00067
5,00110,000112
10,00120,000197

Other Transactions

Other TransactionsKshs.
All DespositsFREE
M-PESA RegistrationFREE
Buying Airtime through M-PESAFREE
M-PESA balance EnquiryFREE
Change M-PESA PINFREE

Businesses (owners) using Safaricom M-pesa services are not left behind as Safaricom says the new reduced tariffs will also apply to transactions for micro-businesses under their new Pochi La Biashara service and for Lipa Na MPESA businesses using the Transacting till to make payments in their businesses.

Here are 9 things to note concerning the new Mpesa rates:

  1. The maximum Account Balance is KSHs.300,000
  2. The maximum daily transaction value is KSHs.300,000 and the maximum amount per transaction is KSHs.150,000
  3. You cannot withdraw less than KSHs.50 at an M-PESA agent outlet
  4. For you to successfully initiate M-PESA person to person self reversal, send the transaction confirmation message to 456
  5. For you to be able to transact, your Safaricom line and M-PESA account must be active
  6. At any gent outlet, you cannot deposit money directly into another M-PESA customer’s account
  7. You earn Bonga points when you transact on M-PESA
  8. To transact at any M-PESA Agent outlet, you will be required to produce your original identification document, i.e., National ID or Kenyan Passport
  9. Dial *234# to view applicable charges or use M-PESA cost calculator on mySafaricom App

Safaricom company has played a huge role in supporting Kenyans especially during COVID-19 period, the giant tech company says it will continue to support and uplifting Kenyans. There you have it NEW M-PESA CHARGES 2021: Safaricom M-pesa transaction rates

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