It will now cost Sh6 to send between Sh101 and Sh500, down from Sh11.
Transactions of between Sh1,501 and Sh2,500 will cost Sh32 down from Sh41.
“All transactions of Sh100 and below will remain free. In addition, all Mpesa customers will continue to enjoy free transactions between Mpesa and bank accounts,” Ndegwa said.
According to him, the price cuts are permanent, effective 1st January 2021 and will enable more than 26.8 million customers to continue enjoying lower costs whenever they send money.
“Our new, reduced tariffs will equally apply to transactions for micro-Businesses under our new Pochi La Biashara service, and for Lipa Na M-PESA businesses using the Transacting Till to make payments,” he said.
He said the maximum a customer transact daily or hold in Mpesa account is Sh300,000.
“As part of our Customer Obsession strategy, we maintain our commitment to continue to introduce new measures and innovations that meet the needs of our customers,” he said.
