Saturday, November 23, 2024

Safaricom Gets Approval To Increase M-PESA Transaction Limits to KSh. 250,000

Customers Can Now Send Money and Make Payments of Up To KSh. 250,000 Per Transaction

Safaricom Gets Approval To Increase M-PESA Transaction Limits to KSh. 250,000 - Bizna Kenya

Safaricom has increased the M-PESA transactions limit to KSh—250,000 for each transaction. The move will see the addition of a new transaction band of KSh. 151,000 to KSh. 250,000 for Send Money, Lipa Na M-PESA BuyGoods, PayBill and all other transactions.

“We welcome the move by the Central Bank of Kenya to increase M-PESA transaction limits to KSh. 250,000.

The increased transaction limits are a timely intervention as they will provide customers and businesses with additional convenience when doing business, empowering them to do more from their phones,”

said Peter Ndegwa, CEO – Safaricom.

Safaricom Increases M-Pesa Account Limit, Daily Transaction to Sh500,000

Co-Op post

The increased transaction limit follows approval by the Central Bank of Kenya. It comes on the heels of the previous authorisation for a daily limit, and the M-PESA limit increases to KSh—500,000 per day from 14th August 2023.

Current maximum transaction fees will apply across the new bands, including KSh. 108 per transaction for Send Money.

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