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.
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.
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 Mpesa Charges in Kenya as of 2024:
Mpesa withdrawal charges
Do you want to Withdraw money from M-Pesa Do you wish to know the new Mpesa Withdrawal charges? I have listed the charges clearly for you to check out.
M-Pesa Withdrawal Charges from an Agent:
| Transaction range (Kshs) | Withdrawal charges (Kshs) |
|---|---|
| 50 – 100 | 11 |
| 101 – 500 | 29 |
| 501 – 1,000 | 29 |
| 1,001 – 1,500 | 29 |
| 1,501 – 2,500 | 29 |
| 2,501 – 3,500 | 52 |
| 3,501 – 5,000 | 69 |
| 5,001 – 75,00 | 87 |
| 7,501 – 10,000 | 115 |
| 10,001 – 15,000 | 167 |
| 15,001 – 20,000 | 185 |
| 20,001 – 35,000 | 197 |
| 35,001 – 50,000 | 278 |
| 50,001 – 250,000 | 309 |
3) Mpesa ATM withdrawal charges
Just like other transaction types, it’s crucial to be aware of these costs to manage your finances effectively.
| Range (Kshs) | ATM Withdrawal Fee (Kshs) |
|---|---|
| 200 – 2,500 | 35 |
| 2,501 – 5,000 | 69 |
| 5,001 – 10,000 | 115 |
| 10,001 – 35,000 | 203 |
Mpesa sending charges to unregistered users.
Note// Safaricom has discontinued the ability to send money from M-Pesa to unregistered users, effective February 5th, 2024.
To receive money via M-Pesa, all customers have to be duly registered for a mobile money service.
In this case, an unregistered user means a phone number that is not duly registered for a mobile money service (Mpesa, Airtel Money, or T-Kash)
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 |
M-Pesa Overview
M-Pesa is a mobile payment system that lets users send and receive money using their mobile phones.
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.
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