Safaricom Approved To Increase M-PESA Transaction Limits to Ksh.250,000

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.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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