Safaricom has increased M-PESA transactions limit to KES 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. This development follows a similar adjustment by rival product, Airtel Money.
“We welcome the move by the Central Bank of Kenya to increase M-PESA transaction limits to KES 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. It comes on the heels of the previous approval for daily limit and M-PESA limit increases to KES 500,000 per day from 14th August 2023.
Current maximum transaction fees will apply across the new bands, including KES 108 per transaction for Send Money.
