Here Are the Updated M-Pesa Transaction Charges for 2021

lipa na m-pesa

2020 was a rough year for most people due to the global crisis that is COVID-19. Perhaps the saving grace or silver lining throughout the whole crisis period was the cushioning offered by governments and corporations.

In Kenya, we saw the Value Added Taxes slashed down from 16% to 14% and companies such as Safaricom, Airtel Kenya and more, coming out to offer discounts on their services.

Advertisement - Continue reading below

Well, things are beginning to ease up and these relief measures are getting scrapped off one after the other. In line with that, Safaricom is looking to offer it’s M-PESA customers a little reprieve moving forward.

The company recently announced its new M-PESA charges and tariffs that took effect on January 1, 2021.

M-PESA Charges for 2021

M-PESA Transaction Charges 2021

Below is a table listing how much it’ll cost you to perform a transaction on Safaricom’s Mobile money platform, M-PESA in 2021.

MIN (Ksh)MAX (Ksh)TRANSFER TO MPESA USERS, POCHI LA BIASARA AND BUSINESS TILL TO CUSTOMER (Ksh)TRANSFER TO OTHER REGISTERED MOBILE MONEY USERS (Ksh)TRANSFER TO UNREGISTERED USERS (Ksh)WITHDRAW FROM AN MPESA AGENT (Ksh)
149FreeFreeN/AN/A
50100FreeFreeN/A10
101500664527
5011,00012124928
1,0011,50022225928
1,5012,50032327428
2,5013,500515111250
3,5015,000555513567
5,0017,500757516684
7,50110,0008787205112
10,00115,0009797265162
15,00120,000102102288180
20,00135,000105105309191
35,00150,000105105N/A270
50,001150,000105105N/A300

Additionally, Safaricom is retaining the free M-PESA to Bank transactions, a measure that was brought in to encourage cashless transactions in a bid to curb the spread of Coronavirus.


Read More: How to make M-PESA to Bank deposits


Also, being retained is the increased capacity of an M-PESA account. M-PESA users can now have up to Ksh 300,000 on their M-PESA mobile wallet accounts while the daily limit to transactions is also retained at Ksh 300,000.

Safaricom remains the biggest teleco in Kenya with a market share of a little over 60%, according to data from the Communication Authority. It’s mobile money platform, M-PESA, continues to reigns supreme in the country with a 99% market share.