M-Pesa is a mobile phone-based money transfer, financing and microfinancing service. The service allows users to deposit, withdraw, transfer money and pay for goods and services (Lipa na M-Pesa) easily with a mobile device. As a branchless banking service; users can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents. Users are charged a small fee for sending and withdrawing money using the service. Mpesa charges will depend on the amount you are sending or withdrawing.
What you need to know about M-Pesa
Here are some things you need to know about Mpesa.
You cannot withdraw less than Ksh 50 at an Mpesa agent outlet.
To initiate Mpesa person to person self-reversal, send the transaction confirmation message to 456.
To transact, your Safaricom line and Mpesa account must be active.
At an agent outlet, you cannot deposit money directly into another Mpesa customer’s account.
You earn Bonga points when you transact on Mpesa.
To transact at any Mpesa agent outlet, you will be required to produce your original identification document, i.e., National ID or Kenyan Passport.
You get 3 free transactions per day for amounts Ksh 1 to Ksh 100, thereafter Ksh 1 for (Ksh 1 – Ksh 49) and Ksh 2 (Ksh 50 – Ksh 100) will apply.
Dial *234# to view applicable charges or use Mpesa cost calculator on mySafaricom App.
An unregistered customer can withdraw money sent to them by an Mpesa customer in Kenya from any agent within 7 days, but cannot carry out other Mpesa transactions.
Unregistered customers will have to register within 21 days to receive funds via the IMT service.
Registered customers can withdraw cash from participating ATM networks. The maximum you can withdraw from your Mpesa account from an ATM is Ksh 20,000.
You can use your Mpesa menu to buy airtime for your phone, or for someone else. This service is free and you will only pay for the airtime purchased.
M-Pesa transfer charges
Here are the Mpesa transfer charges.
a. Transfer to unregistered users
Minimum
Maximum
Charges
Ksh 1
Ksh 49
N/A
Ksh 50
Ksh 100
N/A
Ksh 101
Ksh 500
Ksh 45
Ksh 501
Ksh 1,000
Ksh 49
Ksh 1,001
Ksh 1,500
Ksh 59
Ksh 1,501
Ksh 2,500
Ksh 74
Ksh 2,501
Ksh 3,500
Ksh 112
Ksh 3,501
Ksh 5,000
Ksh 135
Ksh 5,001
Ksh 7,500
Ksh 166
Ksh 7,501
Ksh 10,000
Ksh 205
Ksh 10,001
Ksh 15,000
Ksh 265
Ksh 15,001
Ksh 20,000
Ksh 288
Ksh 20,001
Ksh 35,000
Ksh 309
Ksh 35,001
Ksh 50,000
N/A
Ksh 50,001
Ksh 150,000
N/A
b. Transfer to other Mpesa users, Pochi La Biashara and Business Till To customer
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