New mpesa tariffs, 2020 charges for sending and withdrawal. Currently, it costs more amount to send money to an unregistered number in 2019. Thus, mpesa evolved from using a common trust account for all users to providing a connection with individual savings accounts. The maximum one can send using mpesa is ksh 70,000 per transaction. You can also use your mpesa to buy airtime for your phone, or for someone else. Safaricom adjusted their mpesa charges, effective 1st july 2018. Pdf mpesa rates and charges isaac mugwandia academia. New mpesa charges 2019 updated mpesa rates fleekbook. In his budget reading, treasury cs henry rotich revealed that.
Safaricom lipa na mpesa paybill charges and rates for. Safaricom hikes mpesa charges, to take effect on july 1. Safaricom mpesa is the mostly accepted and used mobile money transfer service. Mpesa withdrawal charges and rates latest as indicated in the mpesa charges table below, you can not withdraw less than ksh 50 from an mpesa agent but you can transfer any amount greater than ksh 10 to another mpesa user. Mpesa pay bill charges the charges below shall apply for amounts being paid to the sacco through mpesa. Mpesa charges depend on the amount you are sending or withdrawing. These are the new mpesa rates as of july 2018 techarena. We have got the latest nhif rates for the employed and selfemployed.
The transaction cost is therefore higher when sending and. If you use safaricoms mpesa, then you should know that the telco has adjusted its rates upwards as of the 1st of july 2018. New safaricom mpesa charges 2020 and mpesa withdrawal tariffs. Kenyans will from july 1 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect. Lipa kwa mpesa is vodacoms merchant payments solution to digitize payments in the tanzania retail ecosystem and enable merchants and retailers collect payments seamlessly while helping customers to avoid the risks and burdens of carrying cash. The maximum daily mpesa transaction limit is ksh 140,000. New rates august 2014 old rates february 20 min max transfer to mpesa users transfer to mpesa users change 50 100 3 5 2 101 500 11 27. Atm withdrawal 5 lipa na mpesa charges 2020 6 charges for buy good and services 7 to get your bonga point pin, 8. Safaricom has altered mpesa pay bill charges many times to find the best rates, giving it an edge in the kenyan telecommunications industry that is currently highly competitive. Effective sunday, july 1st 2018 mpesa tariffs no transaction without an original id ke customer charges transaction range kshs transaction type and customer charges kshs min max transfer to mpesa users transfer to other mobile money users transfer to unregistered users withdrawal from mpesa agent 1 49 free na na na.
You cannot deposit money directly into another mpesa customers account at an agent outlet. Mpesa charges 2020 withdrawal sending from agent pdf ugwire. These rates effected on 1st july 2018 according to an announcement made by kenyas leading mobile network operator. Safaricom cited the financial bill 2018 and the provisional collection of taxes and duties act as the reason for the adjustment in the mpesa. New safaricom mpesa charges to take effect on july 1. With the new rates, mpesa users will pay the following charges for their transactions. The proceeding group of transaction range has had an increase in withdrawal price of 1 shilling. How to do mpesa reversal by sending message to 456 new method below are the mpesa commission tables for mpesa agents. Practitioners insight mpesa a success story of digital. Today, as it faces new challenges, it has 30 million users in 10 countries and three continents. Mpesa charges for sending money and withdrawal took effect on july 1, 2018. Current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and mpesa tariffs when transferring cash both to registered and nonregistered mpesa users. Safaricom mpesa withdrawal and sending charges 2020.
Popular guide how to start a profitable mpesa agent business complete guide 2019. The mpesa charges have increased by an average of 1 shilling for withdrawing, including via atms, and sending money. Mpesa charges, new rates and tariffs web directory. Techish kenya focuses mostly on opinions on tech, business, entrepreneurship and startups. Here are the top three questions that mpesa users need answers to. New safaricom mpesa charges to take effect on july 1 kenyans will from july 1 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect. With these mpesa sending and withdrawal charges, registered safaricom users will pay ksh15 for sending ksh and ksh28 to withdraw the same amount from an mpesa agent. Members should ensure the remittances include the charges below while transferring the funds transaction bands mpesa charges min max ksh. The 101 500 withdrawal charges will remain at kshs. The new mpesa tariffs, which take effect immediately, are below. We would like to show you a description here but the site wont allow us. Due to increased taxes in the mobile money industry, there are new mpesa charges, fees and also tariffs starting july 2018. Here are the safaricom mpesa rates mpesa charges safaricom mpesa transactional charges and tariffs mpesa charges withdrawal from mpesa agent.
These rates came as a result of a 2% increment from 10% to 12% in mobile money transaction costs as announced by the treasury cabinet secretary, henry rotich. This is after safaricoms announcement that was made on saturday 30 june. Within the first month safaricom had registered over 20,000 mpesa customers, well ahead of the targeted business plan. Mpesa rates have remained relatively constant for quite some time now. Mpesa rates, mpesa tariffs, mpesa withdrawal charges, m. Safaricom implemented the new mpesa rates after the kenyan government proposed a 2% increase in the excise duty charged on service providers.
The new mpesa tariffs rates are in compliance with the finance. Contents show 1 mpesa charges for withdrawal from a mpesa agent 2 mpesa rates for transfer to unregistered users 3 mpesa charges for sending money to mpesa users 4 mpesa transactions rates. From the table of mpesa rates kenya 2018 provided below, you will see that you cannot withdraw an amount of money that is below kshs 50 from mpesa. Kenyans will from july 1, 2018 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect. Use mpesa to transfer from mpesa to bank account, and move money from your equity bank account to mpesa from the comfort of your home office. In a move to stand up with the excise duty levies, the new safaricom mpesa charges 2018 will be as follows.
Use mpesa to pay bills, withdraw and send money in tanzania. The new 2020 mpesa tariffs for sending or transferring. This increase forced safaricom to adjust upwards the amount they charge you to transact mpesa. Therefore, you will have to send the 140,000k in two batches.
Sending ksh1,000 will cost ksh15 while a rate of ksh28 will be charged for withdrawing the same amount. We use mpesa now to send money to family and friends, to pay for goods, to pay bills, school fees and everything else in between. On july 1st, 2018, safaricom introduced new mpesa charges following the 2% increment in mobile money transactions. Mpesa rates 2019 safaricom mpesa charges and tariffs. The national hospital insurance fund is a government body that provides health insurance cover to kenyans. However, mpesa charges and rates went up a little in july 2018. The hiked charges, which are line with the finance bill, 2018 and the provisional collection of taxes and duties act, take effect on july 1, 2018. The rates were updated in a gazette notice published by nhif on march 26th 2018.
The mpesa rates are fairly stable, but safaricom may make new mpesa rates and tariffs. Mpesa charges 2020 withdrawal sending from agent pdf. Range ksh transaction type and customer charge ksh transfe r to withdrawal other from. Effective 1st july 2018 new mpesa charges, rates were introduced by safaricom. Mobile network provider, safaricom has announced new mpesa tariffs that will see their customers dig deeper into their pockets. The new mpesa rates effective from july 1 potentash. The mpesa rates table below highlights the amounts you will be imposed for each transaction. Also there are mpesa charges 2018 for atm withdrawals. This is a revolutionary banking product from cba and vodacom that allows you to save money. These mpesa rates in kenya were effective in 1 st june 2018 and were announced by safaricom in this article, i will be able to answer the following questions that most mpesa users are asking or looking for. Safaricom kenya mpesa transfer and withdrawal charges depend on the amount in the transaction. Below are the safaricom mpesa charges 2018 for all tariffs both withdrawal, transfer to both registered and unregistered users. Vodafone group launched mpesa, an innovative payment service for the unbanked. Mpesa charges effective august 2014 below is a comparison of the new and old mpesa charges.
The mobile network provider, safaricom has announced new mpesa tariffs that will see their customers dig deeper into their pockets. You can use your mpesa menu to buy airtime for your phone, or for someone else. This rapid takeup is a clear sign that mpesa fills a gap in the market. Mpesa charges for sending money and withdrawal released by safaricom are set to take effect on july 1, 2018. 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%. That said, it is important to know just how much the conveniences offered by mpesa is costing us. Comparison of the new and old mpesa charges hapakenya. The mpesa mobile payment system was launched in kenya in 2007. It is still free to send money under 100 shillings. Safaricom mpesa rates, mpesa charges, tariffs for shabiki, betika.
However, you can send any amount that is beyond kshs 10 to other mpesa users for free. The following are the mpesa charges for sending money that was updated in 2018 by safaricom llc. To initiate mpesa self reversal, send the transaction con. Mpesa withdrawal charges and rates 2020 victor matara. Safaricoms new mpesa charges effective july 1st 2018. Treasury cs henry rotich presented the budget in parliament in june where he disclosed the new tax measures the government would take to finance its mega kshs. Like what you seeplease subscribe to get free information on banking and investment productssolutionscampaigns. The new rates were effective as of the 1 st of july. Kenyans will now have to pay more while sending and receiving money via safaricoms mpesa starting sunday july 1 2018.
The second table shows the rates for sending money to other mpesa users both registered and unregistered users. At the end of the guide, i will provide you with the latest mpesa charges pdf 2019 so you can refer to it while offline. Nhif rates 2018 for employed and self employed latest. Below is a comprehensive table showing new mpesa rates for withdrawing money from an agent in 2020. Currently, it costs more amount to send money to an unregistered number in 2018. There are no mpesa charges when buying safaricom airtime through mpesa. Mpesa charges will depend on the amount you are sending or withdrawing. New mpesa charges, fees and tariffs starting july 2018. The new mobile money transfer tax came into effect on july 1 st 2018, through the 2018 finance bill.
Vodacom tanzania mpesa tariffs and charges for 2015. Users have been experiencing new safaricom mpesa rates that were announced earlier in july following the budget reading. Kenyans use mpesa to pay for kplc electricity, dstv, gotv and pay nhif new rates. New safaricom mpesa charges to take effect on july 1 youtube. The adjusted mpesa rates as of july 2018 are in line with the finance bill, 2018 and the provisional collection of taxes and duties act, take effect on july 1, 2018.
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