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
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.