Mpesa Charges 2022-Safaricom Mpesa Rates and Tariffs 2022.

MPESA Withdrawal Charges 2022 | Venas News

Mpesa Charges 2022-Safaricom Mpesa Rates and Tariffs 2022.

Here are the Mpesa Charges in 2022 that you can always check when you want to make a transaction. 

The tables below include Mpesa Withdrawal Charges, Sending Charges, and All Mpesa Rates updated in 2022.

Kenya has really had the best revolution from sending money physically in envelopes and paying hard cash to use Mpesa. Safaricom’s M-Pesa is one innovation that has helped millions over the years. Recently Safaricom revised its Mpesa charges, and you will have to pay more to send or receive payments on your mobile phone.

Mpesa withdrawal charges 2022 (Ksh)

You don’t have to overspend money since you don’t know the charges involved. 

Below are the current M-Pesa Withdrawal Charges from an Agent in 2022:

Minimum Maximum M-Pesa Charges
1 49 N/A
50 100 10
101 500 27
501 1,000 28
1,001 1,500 28
1,501 2,500 28
2,501 3,500 50
3,501 5,000 67
5,001 7,500 84
7,501 10,000 112
10,001 15,000 162
15,001 20,000 180
20,001 35,000 191
35,001 50,000 270
50,001 150,000 300

As seen in the table above, Safaricom limits the amount you can withdraw. For instance, you cannot withdraw money less than KSHs.50 at an M-PESA agent shop.

Mpesa charges for sending money to  Registered Mpesa Users.

These are the Mpesa money-sending charges for the year 2022:

Minimum Ksh Maximum Ksh M-PESA Charges
1 49 Free
50 100 Free
101 500 6
501 1,000 12
1,001 1,500 22
1,501 2,500 32
2,501 3,500 51
3,501 5,000 55
5,001 7,500 75
7,501 10,000 87
10,001 15,000 97
15,001 20,000 102
20,001 35,000 105
35,001 50,000 105
50,001 150,000 105
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Mpesa sending charges to unregistered users(Ksh)

Below are the Mpesa charges for sending money to unregistered users.

Minimum Ksh Maximum Ksh M-PESA Charges
1 49 N/A
50 100 N/A
101 500 45
501 1,000 49
1,001 1,500 59
1,501 2,500 74
2,501 3,500 112
3,501 5,000 135
5,001 7,500 166
7,501 10,000 205
10,001 15,000 265
15,001 20,000 288
20,001 35,000 309
35,001 50,000 N/A
50,001 150,000 N/A

Mpesa transactions rates: ATM Withdrawal

The following are the M-Pesa transaction charges for ATM Withdrawals:

Minimum Ksh Maximum Ksh M-PESA Charges
200 2,500 34
2,501 5,000 67
5,001 10,000 112
10,001 20,000 197

M-Pesa Overview

M-Pesa is a mobile payment system that lets users send and receive money using their mobile phones.

The service was launched in 2007 by Safaricom, a leading telecommunications provider in Kenya. 

Since its launch, M-Pesa has become one of the most popular mobile payment systems globally, with over 30 million users in Kenya alone.

M-Pesa allows users to send money to any other user with a registered mobile phone number. Users can also use M-Pesa to pay for goods and services or withdraw cash from ATMs.

In addition, M-Pesa provides a platform for businesses to disburse payments to their employees and suppliers. The success of M-Pesa has inspired similar mobile payment systems in other countries, such as Tanzania and Uganda.

Conclusion:

  1. Maximum Account Balance is Kshs.300,000/=
  2. The maximum daily transaction value is Kshs.300,000/=
  3. The maximum amount per transaction is Kshs.150,000/=
  4. The minimum amount you can withdraw at an M-PESA Agent is Kshs.50/=
  5. To initiate M-PESA person-to-person self-reversal, send the transaction confirmation to 456
  6. To transact, your Safaricom line and M-PESA account must be active.
  7. One can deposit funds only into an M-PESA account registered under their own identification document (ID). Depositing directly into third-party accounts is not allowed.
  8. You will earn Bonga Points from the M-PESA fee charged when you transact.
  9. To transact at any M-PESA agent outlet, you will be required to produce your original identification document with which the M-PESA was registered, i.e., National ID or Kenyan Passport
  10. Dial *334# to view application charges or use the M-PESA cost calculator on My Safaricom App
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