Safaricom Gets Approval To Increase M-Pesa Transactions Limit To Ksh.250,000
Written by Inka FM on 22 September 2023
Safaricom has increased M-Pesa transactions limit to Ksh.250,000 from the previous ksh.150,000. This follows approval by the Central Bank of Kenya.
According to Safaricom CEO Peter Ndegwa, approval will see the addition of a new transaction band of Ksh.151,000 to Ksh.250,000 for Send Money, Lipa Na M-PESA BuyGoods, PayBill, and all other transactions.
Ndegwa noted that the new limit is geared towards providing customers and businesses with additional convenience.
“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 Ndegwa.
The increase of M-Pesa transactions limit follows a similar approval granted to Safaricom to increase daily M-Pesa limit to Ksh.500,000.