Mpesa Transaction Charges 2023, (UPDATED)

Mpesa is a mobile money service that allows users to send, receive, and store money on their mobile devices. Mpesa transaction charges vary depending on the amount of money being sent, the type of transaction, and the destination of the transaction.

Where would Kenya be without M-Pesa? That is a good question for another day. Safaricom’s M-Pesa is one innovation that has helped millions over the years.

Recently Safaricom revised its Mpesa charges, and you will have to pay more to send or receive payments on your mobile phone.

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Here are the transaction charges for Mpesa in Kenya as of 2023:

Mpesa withdrawal charges (KShs)

Do you want to Withdraw money from M-Pesa wished to know the new Mpesa Withdrawal charges? I have listed the charges clearly for you to check out.

Here are the current M-Pesa Withdrawal Charges from an Agent:

Minimum	Maximum(KSH)	M-Pesa Charges(KSH)
1	49	N/A
50	100	10
101	500	27
501	1,000	28
1,001	1,500	28
1,501	2,500	28
2,501	3,500	50
3,501	5,000	67
5,001	7,500	84
7,501	10,000	112
10,001	15,000	162
15,001	20,000	180
20,001	35,000	191
35,001	50,000	270
50,001	150,000	300

As the table above shows, Safaricom limits the amount you can withdraw. For instance, you cannot withdraw less than KSHs. 50 at an M-PESA agent outlet.

Mpesa sending charges to unregistered users.

These are the Mpesa sending charges:

Minimum Ksh	Maximum Ksh	M-PESA Charges
1	49	N/A
50	100	N/A
101	500	45
501	1,000	49
1,001	1,500	59
1,501	2,500	74
2,501	3,500	112
3,501	5,000	135
5,001	7,500	166
7,501	10,000	205
10,001	15,000	265
15,001	20,000	288
20,001	35,000	309
35,001	50,000	N/A
50,001	150,000	N/A

The above is the Mpesa charges for sending money to unregistered users.

Mpesa charges for sending money to Mpesa users

Minimum Ksh	Maximum Ksh	M-PESA Charges
1	49	Free
50	100	Free
101	500	6
501	1,000	12
1,001	1,500	22
1,501	2,500	32
2,501	3,500	51
3,501	5,000	55
5,001	7,500	75
7,501	10,000	87
10,001	15,000	97
15,001	20,000	102
20,001	35,000	105
35,001	50,000	105
50,001	150,000	105

Mpesa transactions rates: ATM Withdrawal

The following are the M-Pesa transaction charges for ATM withdrawals

Minimum Ksh	Maximum Ksh	M-PESA Charges
200	2,500	34
2,501	5,000	67
5,001	10,000	112
10,001	20,000	197

M-Pesa Overview

M-Pesa is a mobile payment system that lets users send and receive money using their mobile phones.

The service was launched in 2007 by Safaricom, a leading telecommunications provider in Kenya. Since its launch, M-Pesa has become one of the most popular mobile payment systems globally, with over 30 million users in Kenya alone.

M-Pesa allows users to send money to any other user with a registered mobile phone number. Users can also use M-Pesa to pay for goods and services or withdraw cash from ATMs.

In addition, M-Pesa provides a platform for businesses to disburse payments to their employees and suppliers.

The success of M-Pesa has inspired similar mobile payment systems in other countries, such as Tanzania and Uganda.