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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.

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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