Effective 1st July 2018 New Mpesa charges, rates were introduced by Safaricom. The new 2023 mpesa tariffs for sending or transferring, withdrawing, or depositing money through Safaricom agents or paybill numbers have been highlighted below.
Safaricom increase of Mpesa Charges
June 2018 Budget statement read by CS Rotich increased excise duty on mobile money transactions through the Finance Bill, 2018 and The Provisional Collection of Taxes and Duties Act thus forcing Safaricom to review and consequently increase mpesa charges.
New Mpesa Charges on Withdrawals through Agents
This is the amount it will cost you to withdraw money from any mpesa agent in Kenya with the new mpesa charges introduced on 1st June 2018 by Safaricom. The mpesa rates are for registered users.
| Min(KSHs.) | Max(KSHs.) | M-PESA Charges |
| 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 | 70,000 | 300 |
New Mpesa Charges for Paybill transactions
These are the new mpesa charges for paybill transactions only for the tariff where the business does not incur sending charges.
Summary of New Mpesa Charges
This is a summary of all the 2023 new charges for transferring money through mpesa for registered and unregistered users and for transferring to other mobile money users.
Mpesa account and transaction limits
- The maximum mpesa account balance one can hold is Ksh.100,000
- The maximum amount you can transact through mpesa in a day is ksh. 140,000
- The maximum you can transact in a single install is Ksh. 70,000
Other Safaricom Limited Brands
- Masoko-Safaricom’s struggling eCommerce
- Songa-Safaricom’s music platform
- The BigBox-Safaricom’s Tv and Internet decoder
- Safaricom Home Fibre-Provides unlimited cheap internet services for homes
- Mshwari-Provides mobile loans services
- Mpesa 1 Tap
- Safaricom Paypal-allows transfer of money from paypal to mpesa
- Mpesa Academy-Learning Institution started by Safaricom Limited
- Mpesa Founder-History of Mpesa
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How much is per unit, I only use tv and two bulbs
Please let me know the price of the power per unit