SAFARICOM MPESA RATES FOR SENDING CASH

Safaricom-Mpesa-Rates-For-Sending-Cash.jpg
SAFARICOM MPESA RATES

SAFARICOM MPESA RATES

SAFARICOM MPESA RATES table below lists the charges for sending cash to another registered MPesa customer.

SEE SAFARICOM MPESA RATES TABLE

Min(KSh)Max(KSh)MPESA RATES
149FREE
50100FREE
10150011
5011,00015
1,0011,50025
1,5012,50040
2,5013,50055
3,5015,00060
5,0017,50075
7,50110,00085
10,00115,00095
15,00120,000100
20,00125,000110
25,00130,000110
30,00135,000110
35,00140,000110
40,00145,000110
45,00150,000110
50,00170,000110

THESE ARE THE NEW SAFARICOM MPESA RATES EFFECTIVE FRIDAY, NOVEMBER 4, 2016

Sending more than Kshs35,000 to unregistered Mpesa customers is not allowed due to Know Your Customer (KYC)/Anti Money Laundering (AML) policy enforced by Central Bank of Kenya.

To get the Mpesa Rates for sending cash to unregistered customers please see Mpesa Rates Safaricom under the Transfer to Unregistered Users column.

Safaricom customers using MPesa to pay a bill or transfer cash are now notified of the MPesa rates charged in an SMS.

Shorlty after the transaction an SMS is sent showing the Safaricom Mpesa Rates added on the final transaction.

This real-time Mpesa Rates notification system will be implemented in upcoming phases of the project, Safaricom said.

Safaricom is complying with an instruction issued by the Competition Authority of Kenya (CAK) last year.

Ideally, customers are supposed to receive notification on Mpesa rates on every transaction before they confirm the payment.

Safaricom MPesa service enables both registered and unregistered customers send or receive money through their account, using PIN-secured SMS text messages.

The dangers linked with counterfeit notes, insecure money transfers and having to transport cash has been considerably reduced.

To reduce cases of users sending money to unintended recipients, Safaricom introduced an Mpesa feature called Hakikisha.

This feature shows a pop-up screen containing details of the intended recipient prior to the transaction being completed.

The cost of using this service is what has been presented on the Safaricom MPesa Rates table above.

2 thoughts on “SAFARICOM MPESA RATES FOR SENDING CASH”

  1. Gideon says:

    please how can I transfer money from my phone wit mpesa. do I need to create account, if so please how can I create mpesa account. send De link…

  2. Gideon okonkwo says:

    Hw can I open mpesa for transfering money

Leave a Reply

Your email address will not be published. Required fields are marked *