New M-Pesa fees as of July 1, 2018
Safaricom today adjusted its M-Pesa tariffs. According to the company, the change was made necessary by the 2018 finance bill which increases the excise tax on mobile money from 10% to 15%.
M-Pesa fees have increased by an average of 1 shilling for withdrawals, including through ATMs, and money remittances. For example sending Ksh. 1,001 to 1,500 will now cost Ksh. 26, from Ksh. 25. Mailings to unregistered numbers have increased considerably, especially for larger sums. Sending 5,001-7,500 to an unregistered user is now Ksh. 166, from Ksh. 143. Interestingly, viewing the M-Pesa balance and changing the M-Pesa PIN code are now free. Both features previously cost Ksh. 1 and Ksh. 22 respectively.
The new M-PESA tariffs, which are effective immediately, are below:
|Transaction Range (KShs)||Transaction type and customer charges (KShs)|
Other mobile money users
|Transfer to unregistered users||Withdrawal of the M-PESA agent|
|1||49||FREE*||N / A||N / A||N / A|
|50||100||FREE*||N / A||N / A||ten|
|35,001||50,000||105||105||N / A||270|
|50,001||70,000||105||105||N / A||300|