You will no longer be charged to transfer small amounts of money on Safaricom. This follows the decision by Safaricom to abolish charges for all M-Pesa transactions of below Sh100.
While making the announcement, CEO Bob Collymore said the move aims to further deepen the financial inclusion and in response to its customers’ feedback.
“We have done this to empower the people who support this company the most – the mama mbogas, the small businessmen and the micro agents who form our network,” said Mr Collymore.
The move will affect person-to-person and Lipa Na M-Pesa transactions.
“We shall continue to grow the adoption of savings and uptake of loans through M-PESA, and grow cashless business payments and transactions.”