M-PESA Rates

M-PESA Rates

M-PESA charges will depend on the amount you are sending or withdrawing. You can use your M-PESA menu to buy airtime for your phone, or for someone else. This service is free and you will only pay for the airtime purchased.
NOTE:

• Maximum Account Balance is KSh 100,000
• Maximum Daily Transaction Value is KSh 140,000.Maximum per transaction is KSh 70,000
• You cannot withdraw less than KSh 50 at an M-PESA agent outlet
• To transact, your Safaricom line and M-PESA account must be active
• At an agent outlet, you cannot deposit money directly into another M-PESA customer's account
• You earn Bonga points when you transact on M-PESA.
• To register or transact at any M-PESA Agent outlet, you will be required to produce your original identification document, i.e., National ID, Passport, Military ID, Diplomatic ID or Alien ID/Foreigner Certificate

The M-PESA charges revision is most likely due to Equity’s foray into the mobile money market through their subsidiary Finserve. They announced in May that their mobile money transfers will be charged at 1% of the transaction value and that charges will be capped at Ksh 25 per transaction.
The new M-PESA tariffs, which take effect from Thursday 21st August 2014, are below:

Customer Charges
Transaction Range (Ksh)			Transaction Type and Customer Charge (Ksh)
Min	Max		Transfer to other M-PESA Users	Transfer to Unregistered Users		Withdrawal from M-PESA Agent
10	49		1	N/A		N/A
50	100		3	N/A		10
101	500		11	66		27
501	1,000		15	66		27
1,001	1,500		25	66		27
1,501	2,500		40	66		27
2,501	3,500		55	88		49
3,501	5,000		60	105		66
5,001	7,500		75	143		82
7,501	10,000		85	171		110
10,001	15,000		95	220		159
15,001	20,000		100	237		176
20,001	25,000		110	275		187
25,001	30,000		110	275		187
30,001	35,000		110	275		187
35,001	40,000		110	N/A		275
40,001	45,000		110	N/A		275
45,001	50,000		110	N/A		275
50,001	70,000		110	N/A		330
ATM Withdrawal
Transaction Range (Ksh)
Min		Max			Customer Charge
200		2,500			33
2,501		5,000			66
5001		10,000			110
10,001		20,000			193

Other Transactions	Ksh
All Deposits	FREE
M-PESA Registration	FREE
Buying Airtime through M-PESA	FREE
M-PESA Balance Enquiry	1
Change M-PESA PIN	22