Mpesa charges depends on the amount in the transaction. Apr 17, 2020 effective 1 st july 2018 new mpesa charges, rates were introduced by safaricom. The m pesa charges have increased by an average of 1 shilling for withdrawing, including via atms, and sending money. Mpesa continues to dominate kenyan market mobile world live. Jun 30, 2018 kenyans will from july 1 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect. Apr 22, 2020 new mysafaricom app offers safaricom customers a self service channel to manage their safaricom account. Try using some of our troubleshooting tips to resolve the problem. While mpesa has been touted as a savings tool for the poor, there is little evidence to suggest that the service is widely used to store value as savings 4 isaac mbiti and david m. Mpesa charges have been revised for the year 20202021. Dec 22, 2017 safaricom mpesa is the mostly accepted and used mobile money transfer service.
No mpesa charges when buying safaricom airtime through mpesa. Transforming millions of lives telecom circle the economic impact of mobile phones is a well talked about fact but the role of mobile phones in. Mpesa charges will depend on the amount you are sending or withdrawing. A mobile banking service that allows users to store and transfer money through their mobile phones. Using safaricoms mpesa has never been this easy and accurate. The m pesa cost calculator effortlessly determines what the cost of your mobile money transactions will be based on the most recent transaction charges.
This is a revolutionary banking product from cba and vodacom that allows you to save money. In this article, we will answer all the above questions for the new mpesa rates, effective 1st june 2018. It imports up to 6 months of your mpesa transactions into the app. Using mpesa, deposit, withdrawing, sending, checking. About this app the fastest and safest way to send money and make digital payments in tanzania. Also there are mpesa charges 2018 for atm withdrawals. Jan 23, 2020 the new 2020 mpesa commission structure is aimed at ensuring agents getter better rewards on highvalue transactions and as an incentive to hold adequate float. Rather than needing to download an app, mpesa works directly over your phone account.
Mledger mpesa transaction manager, mobile money software. The mpesa cost calculator effortlessly determines what the cost of your mobile money transactions will be based on the most recent transaction charges. The higher the amount of mpesa information one has on the phone, the more information mledger will have to process. Welcome to tumapesa, with the tumapesa app you can now access your mpesa sim tool kit conveniently and perform all your daily transactions much faster and easier than ever before. The safaricom app now enables you to conveniently and easily access mpesa services. Safaricom mledger allows you to export all your mpesa transactions to excel, pdf, word etc and from there print or perform any additional analysis required. Try clearing your internet cookies and browser cache. Current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and mpesa tariffs when transferring. Mpesa, a service operated by the mobile phone network safaricom in kenya, allows users to deposit money onto their telephone handsets, transfer emoney to another user with a simple text message.
Financial services for the underbanked contributed. Below are the safaricom mpesa charges 2018 for all tariffs both withdrawal, transfer to both registered and unregistered users. Transaction will be based on the most recent mpesa transaction charges. How mpesa works, its services, charges and transaction rates. The app delivers a superior m pesa experience, making it possible to send money to loved ones, access your bank account, pay for goods and services, send money.
And what is the cost of transferring money to an unregistered safaricom number. To download and install the safaricom mledger app click here. Mpesa is africas most successful mobile money service. Mysafaricom app free download safaricom mpesa app android app. Aug 20, 2019 contents show 1 mpesa transaction rates in kenya 2020 2 mpesa rates and charges for transfer to unregistered users 2019 3 mpesa transactions and rates for transfer to other mpesa users 2019 4 mpesa transactions rates and charges. Lipa kwa mpesa is vodacoms merchant payments solution to digitize payments in the tanzania retail ecosystem and enable merchants and retailers collect payments seamlessly while helping customers to avoid the risks and burdens of carrying cash. What are the new mpesa charges for withdrawal from an agent. Mar 05, 2019 the higher the amount of mpesa information one has on the phone, the more information mledger will have to process.
It provides access to financial services to the millions of people who have a mobile phone, but do not have or have only limited access to a bank account. Mpesa withdrawal charges and rates posted in m pesa kenya, m pesa pay bill last updated on march 2nd, 2020 by harrison m current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and m pesa tariffs when transferring cash both to registered and nonregistered mpesa users. Pdf an analysis of mpesa use in international transactions. The contribution of m pesa to deepening financial inclusion for the poorest socioeconomic groups in kenya is significant. Safaricom mpesa withdrawal charges from mpesa agent.
Download mledger from your android appstore to get your mpesa transaction statements. Join sas leading network today with one of our competitive packages. Apr 05, 2020 read on to find the updated mpesa charges in 2020. Safaricom selfcare login, customer care shop, full mpesa. In his budget reading, treasury cs henry rotich revealed that. The telco certainly knows how misleading it is talking of a decrease which clearly is not and how conniving an action it is. Transforming millions of lives telecom circle the economic impact of mobile phones is a well talked about fact but the role of mobile phones in remittances and money circulation can be far greater. Apr 09, 2018 repurposing your sim card and phone account into a bank account for virtual currency thats just a fancy word for a digital account balance, mpesa also allows you to pay for things like rent or utilities and send money to others. M pesa charges will depend on the amount you are sending or withdrawing.
The maximum one can send using mpesa is ksh 70000 per transaction. Thirdly, buying credit or bundles data for a safaricom line is also free of any charges. Safaricom have announced that their customers will now be able get their full mpesa. How to get your full mpesa statement via email hapakenya. Below are the safaricom mpesa charges, mpesa rates, mpesa tarrifs or mpesa transaction rates. The above table is for mpesa withdrawal charges in 2020. If you ask mama mboga today, or rather anyone who only pays. Today, we shall list all the safaricom mpesa charges for withdrawal and sending money for the year 2020 from an agent pdf download. Atm withdrawal 2019 5 how to reverse wrong mpesa transaction all deposits to your mpesa account are. Mpesa charges 2020 withdrawal sending from agent pdf ugwire. Lipa kwa mpesa is vodacoms merchant payments solution to digitize payments in the tanzania retail ecosystem and enable merchants and retailers collect payments seamlessly while helping customers. However, if you buy for other networks, you will incur some costs.
The mpesa charges depend on the amount of cash you are sending or withdrawing. Designing mobile money services lessons from mpesa mpesa is a mobile money service largely focused on helping people give. Mpesa cost calculator for ios free download and software. Jul 01, 2018 safaricom has today adjusted their m pesa charges. Vodacom tanzania mpesa tariffs and charges calculator safaricom. This facility allows you to transfer funds from your mpesa mobile account directly to your cba account. Its operated by vodafone for safaricomm and vodacomm, the largest mobile operators in kenya and tanzania.
To transfer funds, ensure you have a registered safaricom sim card and follow the simple steps below. M pesa is africas most successful mobile money service. Today, as it faces new challenges, it has 30 million users in 10 countries and three continents. Mpesa withdrawal charges and rates posted in mpesa kenya, mpesa pay bill last updated on march 2nd, 2020 by harrison m current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and mpesa tariffs when transferring cash both to registered and nonregistered mpesa users. Below are the safaricom mpesa charges 2018 for all tariffs both withdrawal, transfer to both registered and. You can use your mpesa menu to buy airtime for your phone, or for. Download my safaricom app with mpesa, it has been upgraded to have mshwari and kcb mpesa, data meter, bill manager, mpesa 1 tap and qr code reader. The my safaricom app beta has been upgraded to enable you to access your mpesa account and all other mpesa services anytime and anywhere mysafaricom app free download. Mpesa rates 2019 safaricom mpesa charges and tariffs. The mpesa mobile payment system was launched in kenya in 2007. We would like to show you a description here but the site wont allow us. Kenyans will from july 1 have to dig deeper into their pockets as the new charges for the money transfer service mpesa take effect.
Mpesa charges depend on the amount you are sending or withdrawing. It provides access to financial services to the millions of people who have a mobile phone, but do not have or have only limited access to a bank. Mpesa rates, mpesa tariffs, mpesa withdrawal charges, m. M pesa was originally introduced in kenya as an alternative way for the unbanked. The safaricom mpesa transfer and withdrawal charges only depends on one factor. New safaricom mpesa charges to take effect on july 1. M pesa registration free buying airtime through m pesa free m pesa balance enquiry free change m pesa pin free pursuant to the finance bill 2018 and the provisional collection of taxes and duties act, we have made the following adjustments to our m pesa tariffs. M pesa m for mobile, pesa is swahili for money is a mobile phonebased money transfer service, payments and microfinancing service, launched in 2007 by vodafone group plc and safaricom, the largest mobile network operator in kenya. Mpesa is a mobile money transfer service that allows individuals to send and receive money in kenya and east africa. The new m pesa platform dubbed g2 for m pesa 2nd generation platform offers versatile integration capabilities that our development partners can take advantage of, to create excellent m pesa journeys across the different industries they serve. We have worked relentlessly to build a reputation for being fast reliable and safer to deal with.
Safaricom mpesa rates, fees, charges and tariffs for withdrawal and transfer will depend on the amount you are sending or withdrawing. Top sites safaricom mpesa app 2019 latest safaricom. Nssf annual report and financial statements for the year ended 30 june 2017. M pesa provides people with a safe, secure and affordable way to send and receive money, topup airtime, make bill payments, receive. The telecommunications firm on wednesday said users of the mobile money platform will apply for a statement once a month via their mobile phones or set up an automatic request for every 5th day of the month. Feb 21, 2017 the m pesa mobile payment system was launched in kenya in 2007.
Lipa kwa mpesa is vodacoms merchant payments solution to digitize payments in the. You can also use your mpesa to buy airtime for your phone, or for someone else. Mpesa is a mobile payment solution offered by safaricom. Nov 22, 2016 designing mobile money services lessons from mpesa mpesa is a mobile money service largely focused on helping people give. This was a key factor in moving to the new platform. Mpesa is a mobile banking service that allows users to store and transfer money through their mobile phones. Safaricom also relooked at the withdrawal commissions and reduced the commissions in some of the bands as highlighted below and kept others constant in an effort to encourage more. M pesa customers will get one free monthly statement of their transactions as safaricom seeks to address an increasing number of requests. You can use your mpesa menu to buy airtime for your phone, or for someone else. New mpesa tariffs, 2020 charges for sending and withdrawal.
The contribution of mpesa to deepening financial inclusion for the poorest socioeconomic groups in kenya is significant. The new 2020 mpesa tariffs for sending or transferring, withdrawing or depositing money through safaricom. One competitor of mpesa allows agents to set deposit and withdrawal fees. Mpesa m for mobile, pesa is swahili for money is a mobile phonebased money transfer service, payments and microfinancing service, launched in 2007 by vodafone group plc and safaricom, the. Pdf mpesa rates and charges isaac mugwandia academia. This service is free and you will only pay for the airtime purchased. Mpesa was originally introduced in kenya as an alternative way for the unbanked population.
M pesa, the largest and most innovative mobile financial service in tanzania has enriched your experience by launching the m pesa app. Mpesa rates, mpesa charges, mpesa calculator, mpesa paybill charges. Effective 1 st july 2018 new mpesa charges, rates were introduced by safaricom. Safaricom had lowered the minimum size of an mpesa transaction and had lowered the tariffs on the smallest transaction tiers. See how it works and its uses, and learn about lipa na mpesa, paybill and atm withdrawal. According to the company, the change was necessitated by the finance bill 2018 which raises the excise tax on mobile money from 10% to 15%. Safaricom mpesa is the mostly accepted and used mobile money transfer service. Learn about mpesa charges, services and transaction rates. Mpesa cost calculator the mpesa cost calculator effortlessly determines what the. Here are the new mpesa charges for the different scenarios. Mpesa registration free buying airtime through mpesa free mpesa balance enquiry free change mpesa pin free pursuant to the finance bill 2018 and the provisional collection of taxes and duties act, we have made the following adjustments to our mpesa tariffs. To register or transact at any mpesa agent outlet, you will be required to produce your original identification document, i. The vodacom tanzania mpesa tariffs and charges calculator will display the vodacom tanzania mpesa tariffs for sending money to other registered mpesa users, as well as charges for withdrawing your money through an m pesa agent or atm in tanzania. You can use your m pesa menu to buy airtime for your phone, or for someone else.
Contents show 1 mpesa transaction rates in kenya 2020 2 mpesa rates and charges for transfer to unregistered users 2019 3 mpesa transactions and rates for transfer to other mpesa. Mpesa withdrawal charges and rates posted in mpesa kenya, mpesa pay bill last. What are the new mpesa charges and rates and in kenya for 2019. For registration at agent outlets only kenyan passports and national ids are valid. Key features you can access your mpesa sim wallet conveniently no more sending money to the wrong number again. Below are the safaricom mpesa charges, mpesa rates, mpesa tarrifs or mpesa transaction. A good example of such a service is safaricoms mpesa, which was introduced in march 2007, in kenya. In his budget reading, treasury cs henry rotich revealed.