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Here Are The New Safaricom M-PESA Charges For 2021

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M-Pesa rates 2021 Safaricom
Image courtesy Daily Nation

Safaricom has taken a step to reduce its M-PESA transaction charges by up to 45% in 2021, for transactions between KES 101 and KES 7,500. These cost reductions will affect more than 90 percent of all customer transactions when sending money.

For instance, it will now cost:

  • KES 6 to send between KES 101 and KES 500, down from KES 11.
  • Transactions between KES 1,501 and KES 2,500 will cost KES 32 down from KES 41.

Some perks will still be available. All transactions of KES 100 and below will remain free. In addition, all M-PESA customers will continue to enjoy free transactions when withdrawing money from their bank accounts to M-PESA.

“The price cuts are permanent, effective 1st January 2021. They will enable our more than 26.8 million customers to continue enjoying lower costs whenever they send money,” says Safaricom.

M-PESA Transactions Costs in 2021

Maximum Amount Customer Can Transact Daily Maximum Amount Customer Can Hold in M-PESA
300,000 300,000

New M-PESA Tariffs will be as below:

Send Money
Min Max Fee
0 49 0
50 100 0
101 500 6
501 1000 12
1001 1500 22
1501 2500 32
2501 3500 51
3501 5000 55
5001 7500 75
7501 10000 87
10001 15000 97
15001 20000 102
20001 25000 105
25001 30000 105
30001 35000 105
35001 40000 105
40001 45000 105
45001 50000 105
50001 70000 105
70001 150,000 105

The reduced M-Pesa transaction rates for 2021 will equally apply to transactions for micro-Businesses under the new Pochi La Biashara service, and for Lipa Na M-PESA businesses using the Transacting Till to make payments.

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3 Comments

  1. Not bad t what about m pesa agents.

  2. Now I see this is the new article updated on January 5th 2021.I had read the old article which was stating that the free rate for Ksh.1-1000 was still there and I was confused. Anyway, Safaricom needs to be credited for doing us a favor last year by allowing us to send KSh1-1000 for free.

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