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Home Tech News

New M-Pesa Paybill Rates Effective January 1st, 2023

Muchiri by Muchiri
December 19, 2022
in Tech News
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New M-Pesa Paybill Rates Effective January 1st, 2023
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A couple of weeks ago, Bank-to-M-Pesa charges were re-introduced.

This was after the Central Bank of Kenya (CBK) reinstated the mobile money wallet to bank account and vice-versa charges that had been dropped since 2020 at the onset of the COVID-19 pandemic.

Lipa Na M-Pesa banner

This might sound like a bad thing, and it is, but the charges have been revised and are significantly lower than they were pre-pandemic. 

In the new changes, Bank-to-M-Pesa charges have been reduced by an average of 61%.

Additionally, M-Pesa-to-Bank charges have been reduced by an average of 47% and is applicable to customers making M-Pesa to bank transactions.

Transactions below Ksh 100 remain zero rated.

The following revised tariffs will be effective starting 1st January 2023.

Jump ahead

  • M-Pesa Business-To-Consumer (B2C) New Tariffs
  • Consumer-To-Business (C2B) New Tariffs

M-Pesa Business-To-Consumer (B2C) New Tariffs

Transaction bandsCharges 
MinCurrentNew
1 – 10015.270
101 – 1,50015.275
1,501 – 5,00022.48
5,001 – 20,00022.410
20,001 – 150,00022.412

Consumer-To-Business (C2B) New Tariffs

Transaction bandsCharges 
MinCurrentNew
1 – 10000
101 – 500235
501 – 1,000238
1,001 – 1,5003510
2,501 – 3,5003512
3,501 – 5,0005633
5,001 – 7,5005640
7,501 – 10,0008546
10,001 – 15,00011355
15,001 – 20,00011360
20,001 – 25,00011365
25,001 – 30,00011378
30,001 – 35,00011387
35,001 – 40,00020296
40,001 – 45,000202105
45,001 – 50,000202105
50,001 – 150,000210105

The revised tariffs have been structured to ensure alignment with the CBKs pricing principles on customer centricity; transparency and disclosure; fairness and equity; choice and competition as well as affordability.

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Listen to the latest insights in the tech space on the TechSpot Africa Podcast, hosted by Nigel Jr. from tech-space.africa and Antony Muchiri of techwithmuchiri.com. Stay ahead in the tech game, tune in now! Subscribe and share!

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Proposed TikTok Ban in Kenya, Starlink in Kenya, World Coin Craze, Samsung’s New Foldables and Nigel’s Interview with Watu Credit
byTechspot Africa

In this episode of the podcast, we discuss the proposed TikTok ban in Kenya, the arrival of Starlink in Kenya, the world coin craze, Samsung's new foldables, and Nigel's interview with Watu Credit.

  • Proposed TikTok Ban in Kenya: The Kenyan government is considering banning TikTok, citing concerns about the app's impact on children and young people. We discuss the pros and cons of this proposal and what it could mean for Kenyans who use TikTok.
  • Starlink in Kenya: Starlink, the satellite internet service from SpaceX, is now available in Kenya. We discuss what this means for Kenyans who have been struggling with unreliable and expensive internet access.
  • World Coin Craze: A new cryptocurrency called World Coin is causing a stir in Kenya. We discuss what World Coin is and why it is so popular among Kenyans.
  • Samsung's New Foldables: Samsung has just released its new foldable smartphones, the Galaxy Z Fold 5 and the Galaxy Z Flip 5. We take a look at these new devices and discuss whether they are worth the high price tag.
  • Nigel's Interview with Watu Credit: Nigel recently interviewed the Country Manager of Watu Credit, a leading asset financing company in Kenya.

We hope you enjoy this episode of the podcast!

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