Mar 1, 2012

New M-PESA Tariff to Enable Micro-Payments

Safaricom has reviewed M-PESA tariffs. M-Pesa customers will now be able to send and receive amounts as low as 10 shillings , against a previous limit 50 shillings, with charges for transfers costing 3 shillings. Micro-payments will also be possible from KES 10.

Safaricom has also reduced the transaction fees for its most popular value band of KES 101 to KES 500. The charge for this band, which accounts for over a quarter of all the transactions on the M-Pesa platform, has been reduced from KES 30 to KES 25.

Safaricom has also introduced eleven new tariff bands. Visit the Safaricom website for more details.