Media center Press Releases Safaricom Gets Approval To Increase M-pesa Transaction Limits To Ksh. 250,000Safaricom Gets Approval To Increase M-PESA Transaction Limits to KSh. 250,000
21 September 2023
Customers Can Now Send Money and Make Payments of Up To KSh. 250,000 Per Transaction
Nairobi, Kenya – 21st September 2023 … Safaricom (NSE: SCOM) has today increased 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.
The increased transaction limit follows approval by the Central Bank of Kenya and comes on the heels of the previous approval for daily limit and 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.
Was this information helpful? If not tell us how we can improve
Manage all your services in one App
, how can I help you today?
