Safaricom has today increased M-PESA transactions limit to Ksh.250,000 for each transaction.
The move will see the addition of a new transaction band of Ksh.151,000 to Ksh250,000 for Send Money, Lipa Na M-PESA BuyGoods, PayBill and all other transactions.
“We welcome the move by the Central Bank of Kenya to increase M-PESA transaction limits to Ksh.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 (CBK) and comes on the heels of the previous approval for daily limit and M-PESA limit increases to Ksh.500,000 per day from August 14, 2023.
Current maximum transaction fees will apply across the new bands including KSh. 108 per transaction for Send Money.