M-Pesa Tariffs for 2024 in Kenya: A Comprehensive Guide
As we dive into 2024, it’s essential to stay updated on the m-pesa tariffs for 2024 in Kenya, especially if you’re a frequent user of this popular mobile money service. In this article, we’ll delve into the latest rates, fees, and charges associated with M-Pesa transactions, helping you make informed decisions about your mobile money usage.
Understanding M-Pesa Tariffs in Kenya
M-Pesa, a mobile financial service offered by Safaricom, has revolutionized the way Kenyans transact. With over 20 million subscribers, it’s crucial to comprehend the tariff structure to avoid unnecessary costs. The m-pesa tariffs for 2024 in Kenya are categorized into three main segments: transaction fees, withdrawal fees, and airtime purchase fees.
Transaction fees apply to services like sending and receiving money, buying goods and services, and paying bills. These fees vary depending on the transaction amount and the type of service used. For instance, sending KES 100 to another M-Pesa user might attract a lower fee compared to paying for a utility bill.
M-Pesa Transaction Fees for 2024 in Kenya
Here’s a breakdown of the m-pesa tariffs for 2024 in Kenya regarding transaction fees:
• Sending money to another M-Pesa user:
+ KES 1-100: KES 10
+ KES 101-500: KES 20
+ KES 501-1,000: KES 30
+ KES 1,001-2,500: KES 40
+ KES 2,501-5,000: KES 50
+ Above KES 5,000: KES 60
• Receiving money from another M-Pesa user:
+ No fees apply
• Buying goods and services:
+ 1% of the transaction amount (minimum KES 10, maximum KES 100)
• Paying bills:
+ 1% of the transaction amount (minimum KES 10, maximum KES 100)
M-Pesa Withdrawal Fees for 2024 in Kenya
Withdrawal fees are applicable when you cash out your M-Pesa balance at an M-Pesa agent or an ATM. The fees vary based on the withdrawal amount, with higher amounts attracting lower fees.
• Withdrawal fees at an M-Pesa agent:
+ KES 50-100: KES 10
+ KES 101-500: KES 20
+ KES 501-1,000: KES 30
+ KES 1,001-2,500: KES 40
+ KES 2,501-5,000: KES 50
+ Above KES 5,000: KES 60
• Withdrawal fees at an ATM:
+ KES 50-100: KES 30
+ KES 101-500: KES 50
+ KES 501-1,000: KES 70
+ KES 1,001-2,500: KES 90
+ KES 2,501-5,000: KES 110
+ Above KES 5,000: KES 130
Airtime Purchase Fees for 2024 in Kenya
Airtime purchase fees apply when you buy airtime using your M-Pesa balance. The fees are a percentage of the airtime value.
• Airtime purchase fees:
+ 2% of the airtime value (minimum KES 2, maximum KES 10)
By understanding the m-pesa tariffs for 2024 in Kenya, you can optimize your mobile money usage, minimize costs, and make the most of M-Pesa’s convenient services.
In the next section, we’ll provide a comprehensive table summarizing the m-pesa tariffs for 2024 in Kenya, making it easy to reference and plan your transactions.
M-Pesa Tariffs for 2024 in Kenya: A Comprehensive Breakdown
In this section, we’ll dive into the latest M-Pesa tariffs for 2024 in Kenya, providing you with a clear understanding of the rates and fees associated with using this popular mobile payment service.
| Transaction Type | Transaction Amount (KES) | Charge (KES) |
|---|---|---|
| Send Money (M-Pesa to M-Pesa) | 1 – 100 | 10 |
| Send Money (M-Pesa to M-Pesa) | 101 – 500 | 20 |
| Send Money (M-Pesa to M-Pesa) | 501 – 1,500 | 30 |
| Send Money (M-Pesa to M-Pesa) | 1,501 – 5,000 | 50 |
| Withdraw Cash (M-Pesa Agent) | 50 – 1,000 | 10 |
| Withdraw Cash (M-Pesa Agent) | 1,001 – 3,000 | 20 |
| Withdraw Cash (M-Pesa Agent) | 3,001 – 5,000 | 30 |
| Buy Airtime (M-Pesa to M-Pesa) | 10 – 100 | 0 |
Understanding M-Pesa Tariffs for 2024 in Kenya: Key Takeaways
The M-Pesa tariffs for 2024 in Kenya are designed to provide users with a convenient and affordable way to send and receive money, as well as purchase airtime and other services. From the table above, we can see that the transaction fees vary depending on the type and amount of the transaction. For instance, sending money from one M-Pesa account to another within the 1 – 100 KES range attracts a fee of 10 KES, while withdrawing cash from an M-Pesa agent between 1,001 – 3,000 KES costs 20 KES.
It’s essential to familiarize yourself with these tariffs to avoid any unexpected charges and make the most out of your M-Pesa experience. By understanding the fees associated with different transactions, you can better plan your financial activities and avoid unnecessary costs.
Ready to take control of your mobile payments? Visit kopacash.com to learn more about M-Pesa and other mobile payment options, and discover how you can optimize your financial transactions in Kenya. Sign up today and start making informed financial decisions!
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