Safaricom has increased the M-Pesa transaction limit to Kshs. 250,000 for each transaction. The move will see the addition of a new transaction band of Kshs. 151,000 to Kshs. 250,000 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 Kshs. 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, chief executive officer, 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 Kshs. 500,000 per day from 14th August 2023. The current maximum transaction fees will apply across the new bands including Kshs. 108 per transaction for Send Money.