Safaricom Plc has increased the transaction limit to Kes 250,000 from Kes 150,000 under Send Money, Lipa Na M-Pesa Buy Goods, Paybill, and other services.
This is after getting approval from the Central Bank of Kenya (CBK).
“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,” Safaricom CEO Peter Ndegwa said.
This follows CBK’s approval to increase the M-Pesa daily limit to Kes 500,000 on August 14, 2023.
The current maximum transaction fees will apply across the new bands, including Kes 108 per transaction for Send Money.
Did you read this?
