Safaricom Increases M-Pesa Transaction Limits to Ksh250K

Safaricom (NSE: SCOM) has today increased M-Pesa transactions limit to Ksh250,000 for each transaction. The move will see the addition of a new transaction band of Ksh151,000 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 and comes on the heels of the previous approval for daily limit and M-PESA limit increases to Ksh500,000 per day from August 14, 2023. 

Current maximum transaction fees will apply across the new bands including Ksh108 per transaction for Send Money.