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.

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“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.