NEW M-PESA CHARGES 2023: Safaricom M-pesa transaction rates

The new M-pesa transaction rates for 2022 is out. Safaricom has a complete new transaction charges for Mpesa which is effective 1st January of 2021. The Mpesa transaction rate for 2022 has been reduced upto 45%.

Safaricom says it has reduced its M-pesa tarrifs in considering the expiring of the free less than KSH.1000 transaction fee, and also considering the country’s economy due to COVID-19.

Safaricom also confirmed a good news to kenyans, that all MPESA customers will continue to enjoy free transactions between MPESA and their bank accounts.

Here is the new 2022 Safaricom M-pesa transaction charges rates:

M-PESA Rates

Withdrawal from M-PESA Agent

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	150,000	300

Transfer to Unregistered Users

Min(KSHs.)	Max(KSHs.)	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

Transfer to other M-PESA Users, Pochi La Biashara and Business Till To customer

Min(KSHs.)	Max(KSHs.)	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

Transfer to other Mobile Money Users

Min(KSHs.)	Max(KSHs.)	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

ATM Withdrawal

Min(KSHs.)	Max(KSHs.)	M-PESA Charges
200	2,500	34
2,501	5,000	67
5,001	10,000	112
10,001	20,000	197

Other Transactions

Other Transactions	Kshs.
All Desposits	FREE
M-PESA Registration	FREE
Buying Airtime through M-PESA	FREE
M-PESA balance Enquiry	FREE
Change M-PESA PIN	FREE

Businesses (owners) using Safaricom M-pesa services are not left behind as Safaricom says the new reduced tariffs will also apply to transactions for micro-businesses under their new Pochi La Biashara service and for Lipa Na MPESA businesses using the Transacting till to make payments in their businesses.

Here are 9 things to note concerning the new Mpesa rates:

1. The maximum Account Balance is KSHs.300,000
2. The maximum daily transaction value is KSHs.300,000 and the maximum amount per transaction is KSHs.150,000
3. You cannot withdraw less than KSHs.50 at an M-PESA agent outlet
4. For you to successfully initiate M-PESA person to person self reversal, send the transaction confirmation message to 456
5. For you to be able to transact, your Safaricom line and M-PESA account must be active
6. At any gent outlet, you cannot deposit money directly into another M-PESA customer’s account
7. You earn Bonga points when you transact on M-PESA
8. To transact at any M-PESA Agent outlet, you will be required to produce your original identification document, i.e., National ID or Kenyan Passport
9. Dial *234# to view applicable charges or use M-PESA cost calculator on mySafaricom App

Safaricom company has played a huge role in supporting Kenyans especially during COVID-19 period, the giant tech company says it will continue to support and uplifting Kenyans. There you have it NEW M-PESA CHARGES 2022: Safaricom M-pesa transaction rates