Safaricom Announces New Mpesa Transaction Rates

It’s been such a eventful year, not in the most beautiful ways. As you can say it, one of the most unexpected period in our lifetime, but here we are. The Corona virus pandemic came with a bang and it put a lot of stuff into a stand still.  Quite a huge number of people lost their sources of income if not jobs and that changed their lives. And because of that, Safaricom has announced new transaction rates for sending and withdrawing money from Mpesa.

Fortunately the government came in to cushion the citizens, also the economy was taken care of. What comes into your mind after that?, isn’t it the largest Telecommunication company in East and Central Africa. That is, Safaricom , because of its large customer base. It has now announced new deduction rates.

A guy using his cellphone

Safaricom offers M-pesa as one of the services. So, it made some adjustments to enable Kenyans to send and withdraw money cheaply. They lowered the sending and withdrawal rates of mobile money which is Mpesa. You can remember you were able to send Ksh.1000 for free, thanks to Safaricom’s decisions. This, therefore, decreases the expenses by Kenyans due to the tough economic times.

Mpesa tarrifs effective 1st January 2021

Minimum amountMaximum amountTransfer to M-pesa usersTransfer to other registered Mobile money usersTransfer to unregistered usersWithdrawal from M-pesa agent
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

Reduced transaction costs

A few days ago the rates were reverted back to the usual charges. Fortunately, they reduced the charges by a certain amount depending on the amount of money you send or withdraw. The new M-Pesa transaction costs are out. Transactions of ksh. 100 and below continue to be free, so you can send that amount or less for free. The other transactions costs of up to Sh. 500 are now down from 11 to 6 shillings. This means that sending money is cheaper compared to the last tariffs. Thanks to the new deduct rates.

A smart phone displaying numbers for Mpesa password

One thing to also note is that,

the maximum amount one can transact per day is at Sh. 300,000. That amount is also the same for maximum amount a customer can hold in his/her M-pesa account. After the expiry of zero rated M-pesa transactions, Safaricom has now made new changes. So the new Mpesa transaction rates are in consideration of the expiry of the said period. As announced by the company’s Chief Executive Officer Peter Ndegwa. The new deduction rates will affect about 90% of consumer transactions. That means there is a reduction across almost all of the transactions. You can also look at how to make money online and get paid via MPESA.

It was in March that the Telco giant announced the zero-rating transactions. And as you can note, the reduction is about 45% of the previous rates for the lower transaction bands. Transactions between sh. 1501 to 2500 will now cost sh. 32 from sh. 42. For those transacting between bank accounts and M-pesa, the transactions will continue to enjoy the free services. Therefore, you can transfer your money from a bank account to M-pesa for free unlike before the Coronavirus hit the country. And these price cuts are going to be permanent as from 1st January 2021. What a new year gift for Safaricom and M-pesa customers after such a hard time which almost took a year.

A man holding notes of money

In conclusion,

the changes in M-pesa deduction rates is such a great relief to the customers. Having come from a difficult economic time that will last for quite some time before things eventually come to normalcy. Innovations and new measures are key to a company’s progress and continuity. The aforementioned CEO, Peter Ndegwa made the announcements on Tuesday.

This Post Has 91 Comments

  1. slot game 918kaya

    Hola! I’ve been reading your blog for a while now and finally
    got the bravery to go ahead and give you a shout out from
    Houston Texas! Just wanted to tell you keep up the fantastic job!

    Also visit my site slot game 918kaya

  2. Excellent post. I used to be checking continuously this weblog and I’m inspired!
    Extremely useful information specially the remaining part 🙂 I handle such information a lot.
    I was seeking this certain info for a very long time. Thanks and good luck.

    Feel free to visit my web site – http://www.slippers.ipt.pw

  3. Magnificent beat ! I would like to apprentice at the same time
    as you amend your site, how can i subscribe for a weblog website?
    The account aided me a applicable deal. I were a little bit familiar of this
    your broadcast provided shiny transparent idea.

    Stop by my page – http://www.digitalnomadads.com

  4. I am sure thіs paragraph haѕ touched all the internet
    users, its really reeally niсe paragraрh on ƅuilɗing up neww web site.

    Here is my website: info lebih lengkap

  5. Hi there i am kavin, its my first time to commenting anyplace,
    when i read this article i thought i could also make comment due to this sensible article.

    Take a look at my page; http://www.nairacircle.com

  6. Myronfot

    local personals
    [url=”http://freedatingste.com/?”]free local personals [/url]

  7. xajm168.com

    I really like meeting useful info, this post has got me even more info!

    Stop by my blog – xajm168.com

  8. 163.30.42.16

    As a Newbie, I am continuously browsing online for articles that can be of assistance to
    me. Thank you

    Here is my blog 163.30.42.16

  9. Jeffery

    I enjoy, cause I discovered just what I used to
    be having a look for. You have ended my 4 day long hunt!
    God Bless you man. Have a great day. Bye

  10. Antonio

    I don’t know if it’s just me or if perhaps everybody else encountering issues with
    your site. It appears as if some of the text in your content are running off the screen. Can someone
    else please provide feedback and let me know if this is happening to them too?
    This might be a problem with my internet browser because I’ve
    had this happen before. Thanks

    Here is my website Antonio

  11. I’m truly enjoying the design and layout of your site.
    It’s a very easy on the eyes which makes it much more pleasant for
    me to come here and visit more often. Did you hire
    out a developer to create your theme? Superb work!

    Feel free to surf to my website – https://www.qiurom.com

  12. I intended to put you that very small observation in order to thank you so much over again about
    the wonderful strategies you have shown on this site.

    It is certainly particularly open-handed with people like
    you to provide without restraint precisely what many people would have sold
    for an ebook to earn some dough for their own end, most notably since you could have done it in the event you decided.
    The ideas additionally worked as a easy way to fully grasp other people have a similar
    zeal similar to my personal own to see whole lot more around this issue.

    I’m certain there are lots of more fun instances up front for many
    who read carefully your blog.

    Feel free to surf to my web blog … http://www.anapapansion.ru

  13. saihuo.com

    I do not know if it’s just me or if perhaps everyone else experiencing problems
    with your site. It appears like some of the text in your posts are running off the screen. Can someone else please provide feedback and let me know if
    this is happening to them as well? This may be a problem with my
    internet browser because I’ve had this happen before.
    Thanks

    Here is my blog – saihuo.com

  14. fahl.uk

    Greetings I am so thrilled I found your weblog, I really found you by accident, while
    I was browsing on Google for something else,
    Anyhow I am here now and would just like to say thank you for a marvelous post and a
    all round thrilling blog (I also love the theme/design), I don’t have time to read through
    it all at the minute but I have bookmarked it and also included your RSS feeds,
    so when I have time I will be back to read a great deal more,
    Please do keep up the fantastic work.

    Also visit my web blog – fahl.uk

  15. fahl.uk

    I visited a lot of website but I believe this one
    has something special in it.

    Also visit my blog; fahl.uk

  16. https://kebe.top/

    Hi there, after reading this remarkable post i am as well glad to share my know-how
    here with colleagues.

    Feel free to surf to my website :: https://kebe.top/

  17. baca disini

    Heⅼlo there, I found your web site Ƅy tһe usse of Google at the
    same time as searching for a ѕimilar subject, your website came
    up, it looks greаt. I’ve bookmarked it in my google Ьookmarks.

    Hi there, simply was aware of your ԝeblog through Google, and found that
    it’s realⅼy informative. I’m going to be cаreful for bruѕsels.
    I will appreciate for those who continue thiѕ in future.

    Lots of people can be benefited out of your writing.
    Cheers! http://Www.raisingcolorado.com/2010/09/funk-on-a-whole-new-level-warren-g.html

  18. 123joker apk

    Saya telah telah menjelajah online lebih dari 3 jam hari ini, namun saya tidak pernah menemukan artikel menarik seperti milik Anda.
    It is cukup berharga bagi saya. Secara pribadi , jika semua pemilik
    situs web dan blogger membuat konten yang baik seperti yang Anda lakukan, internet
    akan menjadi a jauh lebih berguna dari sebelumnya.

    Review my site – 123joker apk

  19. Gameaco.Com

    Saya telah menjelajah online lebih dari
    4 jam hari ini, namun saya tidak pernah menemukan artikel menarik seperti milik Anda.

    It’s cukup berharga bagi saya. Dalam pandangan saya, jika semua pemilik situs web dan blogger membuat konten yang baik seperti yang Anda lakukan, net akan menjadi lebih berguna dari sebelumnya.

    Feel free to visit my web blog – Joker Gaming 8899 (Gameaco.Com)

  20. Vivo slotnet

    Saya telah telah menjelajah online lebih dari 2 jam hari ini, namun saya tidak pernah
    menemukan artikel menarik seperti milik Anda.
    It’s cukup berharga bagi saya. Menurut pendapat saya , jika semua webmaster dan blogger membuat
    konten yang baik seperti yang Anda lakukan,
    net akan menjadi lebih berguna dari sebelumnya.

    my blog … Vivo slotnet

  21. website

    I have a new interview up at the blog Mysteries and My Musings.
    Around four weeks had passed, and I had not left the seller any feedback because I did not have my purchase.
    Yesterday’s Kindle Daily Deal for What Angels Fear was an astonishing success:
    the book hit number 10 on the Kindle best seller list!
    Borrow long to buy insurance, not just for a good deal.
    As noted previously, they do a good job. It was contagious.

    As the pictures were being snapped, we stood there and clapped and yelled:
    “Horosho!” (good) along with the caregivers. I also had a good
    time talking to new Penguin author Jan DeLima, who writes urban fantasy, and another author whose name I never did quite catch (did I
    mention the LOUD MUSIC?). 10, Who Buries the Dead).
    One of the characters in the Shropshire book is a woman who lives in a dower house around which she has created
    a lovely garden. My own garden has been hideously neglected
    this past year, with all of my weekends going to getting my mother’s house ready to sell (closing this
    Thursday!!!!!!!!!). I keep thinking of all the millions of readers out there, trustingly following their favorite authors on Facebook and Twitter, convinced they’re getting to know those
    authors, and it’s all just a hoax.

  22. Saya telah berselancar online lebih dari 3 jam hari ini, namun saya tidak pernah menemukan artikel menarik
    seperti milik Anda. It’s cukup berharga bagi saya.
    Secara pribadi , jika semua pemilik web dan blogger membuat konten yang baik
    seperti yang Anda lakukan, net akan menjadi lebih berguna dari sebelumnya.

    Visit my page Download game joker123

  23. situs slot online

    Thanks for sharing your thoughts about situs judi slot online.
    Regards

  24. Oһ my goodness! Awesome articⅼe duԁe! Many thanks, However I am having issues with your ɌSS.
    I don’t unbderstand the reason why I cannot join it. Is there anybody having thе same RSS issues?
    Anyone that knows the soluion will you kindⅼy respond?
    Thanks!!

  25. slot online

    First off I ѡant to say ɑwesome blog! I haad a
    quick question in which I’d like to ask if you do not
    mind. I was curious to know how you centeг youyrself and clear yoսг thoughts prior to writing.
    I have had a touggh time clearing my thoughts inn getting my iɗas
    out. I truly do taqke pleasure in writing but it just sesemѕ like the first 10
    to 15 minutes are generally wasted just trցing to figure out how to begin. Any suggestions
    or hints? Mɑny thanks! http://www3.tok2.com/home/kyudo/g_book/g_book.cgi/RK=0/RS=bSu0f8

  26. daftar pkv

    With һavin so much content do уou ever ruun into any problems of plagorism or coⲣyright vіolation? My website has a lot of
    comρletely uniqᥙe content I’ve eіther wгitten myself or outsourced but it lооks like a lot of it iѕ
    poppіng it up all over the internet withkut my permission. D᧐ you kmow
    any techniquеs to help protect againt content from being
    stolen? Ӏ’d ցenuinelу appreciаte it.

  27. fahl.uk

    I like this blog it’s a master piece! Glad I noticed this
    on google.

    Also visit my web blog … fahl.uk

  28. Just wish to say your article is as amazing. The clearness in your post is simply cool
    and i could assume you’re an expert on this subject.

    Fine with your permission let me to grab your RSS feed to keep updated
    with forthcoming post. Thanks a million and please keep up the enjoyable work.

    Here is my web page; http://www.articledude.com

  29. riyapola.com

    Right here is the right site for anyone who really wants to find out about this topic.

    You realize a whole lot its almost hard to argue with you
    (not that I really would want to…HaHa). You definitely put a brand new spin on a topic that has been written about
    for ages. Excellent stuff, just wonderful!

    My web-site: riyapola.com

  30. Very good site you have here but I was curious if you knew of
    any discussion boards that cover the same topics discussed in this article?
    I’d really love to be a part of group where I can get comments from other
    knowledgeable people that share the same interest. If you have any recommendations, please let me know.
    Bless you!

    Also visit my web site; trainingteachers.org.za

  31. Fantastic beat ! I wish to apprentice whilst you amend your site, how
    could i subscribe for a weblog website? The account aided me a appropriate deal.
    I had been a little bit acquainted of this your
    broadcast provided vibrant transparent concept.

    My web blog – groovelineentertainment.com

  32. With havin so much written content do you ever run into any issues of
    plagorism or copyright violation? My site has a lot of unique content I’ve either authored myself
    or outsourced but it seems a lot of it is popping it up all over the internet without my permission. Do you know any methods
    to help protect against content from being ripped off? I’d definitely appreciate it.

    Visit my webpage :: http://lechon.ca/index.php/blog/704480/simple-daily-skin-care-tips/

  33. www.leadclub.net

    I haven’t checked in here for some time because I thought it
    was getting boring, but the last several posts are good quality so I guess I’ll add you back to my daily bloglist.
    You deserve it friend 🙂

    Feel free to visit my blog post http://www.leadclub.net

  34. You can definitely see your expertise in the article you write.
    The arena hopes for even more passionate writers such
    as you who aren’t afraid to mention how they believe.
    All the time go after your heart.

    My web-site http://www.craksracing.com

  35. goldenanapa.ru

    I take pleasure in, cause I found exactly what I used to be looking for.
    You’ve ended my four day lengthy hunt! God Bless you man. Have a great day.
    Bye

    Have a look at my website: goldenanapa.ru

  36. We stumbled over here coming from a different page and thought I might check things out.
    I like what I see so now i am following you. Look forward to looking at your web page yet again.

  37. kebe.top

    What’s up Dear, are you truly visiting this
    site regularly, if so afterward you will absolutely obtain good experience.

    Feel free to surf to my blog; kebe.top

  38. forum.yawfle.com

    I have been exploring for a little bit for
    any high-quality articles or blog posts in this kind of house .
    Exploring in Yahoo I eventually stumbled upon this
    site. Studying this information So i am happy to exhibit
    that I’ve an incredibly just right uncanny feeling I found out exactly what I needed.

    I so much for sure will make certain to do not put out of your mind this site and
    provides it a glance on a relentless basis.

    Check out my web page – forum.yawfle.com

  39. Hey! I understand this is sort of off-topic however I
    needed to ask. Does building a well-established blog such as yours require a
    lot of work? I am completely new to running a blog but I do write in my journal on a daily basis.
    I’d like to start a blog so I can share my experience and views online.
    Please let me know if you have any recommendations or tips for brand new aspiring bloggers.
    Appreciate it!

    Here is my web site; https://geegram.net/Verona92C3474

  40. amhley.org

    Hello, Neat post. There’s a problem along with your website in internet explorer, may test this?
    IE nonetheless is the market leader and a huge
    component of people will leave out your wonderful
    writing due to this problem.

    Also visit my webpage; amhley.org

  41. A lot of thanks for all your effort on this site. Kate take interest in setting aside time for investigations
    and it’s really easy to see why. Many of us learn all relating to the lively mode you offer rewarding guides on the
    web blog and welcome participation from other individuals about this issue and my daughter is certainly understanding a lot.
    Take pleasure in the rest of the new year.

    You are doing a splendid job.

    Also visit my site … http://www.classifiedadsubmissionservice.com

  42. fun88 mobile

    Hello There. I found your blog the use of msn. That is a very neatly written article.
    I’ll make sure to bookmark it and come back to learn more of your helpful info.
    Thanks for the post. I’ll definitely comeback.

  43. fun88 mobile

    I am sure this article has touched all the internet visitors,
    its really really fastidious paragraph on building up
    new webpage.

  44. webpage

    It’s impressive that you are getting ideas from this article
    as well as from oour discussion made at this time.
    webpage

  45. Hey there just wanted to give you a quick heads up and let you know a few of
    the images aren’t loading correctly. I’m not sure why
    but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same results.

  46. My family always say that I am killing my time here at net, except I know I am getting familiarity every
    day by reading such pleasant articles.

  47. Thankfulness to my father who informed me concerning this webpage,
    this blog is in fact remarkable.

  48. Its like you read my mind! You appear to grasp a lot about this,
    like you wrote the ebook in it or something. I think that you simply can do with
    a few % to pressure the message home a bit, but instead of that, that is magnificent
    blog. A great read. I will certainly be back.

  49. fun 88 mobile

    Today, while I was at work, my sister stole my apple ipad and tested to see if it can survive a twenty five foot drop, just so she can be
    a youtube sensation. My apple ipad is now broken and she has
    83 views. I know this is totally off topic but I had to share it with someone!

Leave a Reply