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Due to increased taxes in the mobile money industry, there are new M-Pesa charges, fees and also tariffs starting July 2018. The transaction cost is therefore higher when sending and withdrawing money through M-Pesa. Read on to see the new M-Pesa charges for sending money and also withdrawing the same.

New M-Pesa Charges, Fees and Tariffs Starting July 2018
M-Pesa Illustr | Source: Wikimedia Commons

New M-Pesa Charges, in Brief

According to Safaricom, the fee increase is between KSh. 1 and KSh. 30. Like previously, transferring KSh. 100 or below is free, but withdrawing the same will cost you KSh. 10. Also, the number of times that you can send KSh. 100 for free is now limited to three times a day.

Full M-Pesa Agent and ATM Transaction Costs

Transfer to M-Pesa Users

Min-Max – (Charges)
1-49 – (free)
50-100 – (free)
101-500 – (11)
501-1,000 – (15)
1,001-1,500 – (26)
1,501-2,500 – (41)
2,501-3,500 – (56)
3,501-5,000 – (61)
5,001-7,500 – (77)
7,501-10,000 – (87)
10,001-15,000 – (97)
15,001-20,000 – (102)
20,001-35,000 – (105)
35,001-50,000 – (105)
50,001-70,000 – (105)

Transfer to Other Mobile Money Users

Min-Max – (Charges)
1-49 – (N/A)
50-100 – (N/A)
101-500 – (11)
501-1,000 – (15)
1,001-1,500 – (26)
1,501-2,500 – (41)
2,501-3,500 – (56)
3,501-5,000 – (61)
5,001-7,500 – (77)
7,501-10,000 – (87)
10,001-15,000 – (97)
15,001-20,000 – (102)
20,001-35,000 – (105)
35,001-50,000 – (105)
50,001-70,000 – (105)

Transfer to Unregistered Users

Min-Max – (Charges)
1-49 – (N/A)
50-100 – (N/A)
101-500 – (45)
501-1,000 – (49)
1,001-1,500 – (59)
1,501-2,500 – (74)
2,501-3,500 – (112)
3,501-5,000 – (135)
5,001-7,500 – (166)
7,501-10,000 – (205)
10,001-15,000 – (265)
15,001-20,000 – (288)
20,001-35,000 – (309)
35,001-50,000 – (N/A)
50,001-70,000 – (N/A)

Withdrawal From M-Pesa Agent

Min-Max – (Charges)
1-49 – (N/A)
50-100 – (10)
101-500 – (27)
501-1,000 – (28)
1,001-1,500 – (28)
1,501-2,500 – (28)
2,501-3,500 – (50)
3,501-5,000 – (67)
5,001-7,500 – (84)
7,501-10,000 – (112)
10,001-15,000 – (162)
15,001-20,000 – (180)
20,001-35,000 – (191)
35,001-50,000 – (270)
50,001-70,000 – (300)

ATM Withdrawal

Min-Max – (Charges)
200-2,500 – (34)
2,501-5,000 – (67)
5,001-10,000 – (112)
10,001-20,000 – (197)

In conclusion, registering for M-Pesa and also changing M-Pesa PIN is free. It is also free to make all deposits, enquire for M-Pesa balance and to buy airtime through M-Pesa. Some of these services were charged, but now they are free probably due to the system upgrades and also the 1Tap improvements done on the platform.

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