Home BUSINESS NEWS Safaricom Announces Increased Charges on Mpesa Transactions

Safaricom Announces Increased Charges on Mpesa Transactions

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Safaricom Announces Increased Charges on Mpesa Transactions

Kenyans will from Sunday, July 1st be forced to dig deeper into their pockets as the new increased charges for mobile cash transfer service take effect.

In his budget statement, Treasury Cabinet Secretary Henry Rotich said customers would be charged 12 per cent up from 10 percent of every cost of cash transfer on the mobile platform.

“The amount collected through the increased taxation on mobile money transfer transactions will be directed to fund the universal health cover program which is among the government’s four priorities,” Rotich said.

Safaricom’s mobile cash transfer platform Mpesa has announced new charges, with only transfers of between Sh1-100 to other MPesa users remaining free as has been in the past.

Majority of the country’s total subscribers on mobile money avenues are on Safaricom, which makes a total of at least 30 million.

Last month, Safaricom announced Sh55.3 billion profit up from Sh48.4 billion in the previous year, further indicating its dominance in the market over other telcos.

48 COMMENTS

  1. airtel pap safaricom is an…
    airtel pap safaricom is an another scam this is very unfair no need to stay in safaricom….safaricom bye…

  2. I’ve been very loyal to…
    I’ve been very loyal to safaricom but they are taking advantage of my loyalty, its time to move on…..from green to red..

  3. Now the government has…
    Now the government has created another loophole to embezzle money from it’s citizens this is an evil government…the good thing is we will all die empty handed ….ask king Solomon, Herod and Judas Iscariot.

  4. totally unfair, always there…
    totally unfair, always there to steal from innocent Kenyans .u people transact huge amounts via accounts sisi na mia mbili eti tugawane.

  5. Government plus ur safaricom…
    Government plus ur safaricom u being unfair to ur pple…dear Lord forbid them for ths “mistreat” of a kind….

  6. Not proud of my corrupt…
    Not proud of my corrupt government. Safaricom was used by Jubilee in elections rigging and now here it is being used to punish poor citizens….

  7. Why is it that the…
    Why is it that the government is following such a direction? Big budget that they cannot control is the frustration. Kenyans tumekwisha and should get alternative money transfer.

  8. It’s unfair move, time to…
    It’s unfair move, time to move to other networks. The cost of money transfers globally is coming down, for safari it’s opposite, something wrong somewhere. we live in a world of alternatives, let’s choose our options.

  9. This is indirect torture…
    This is indirect torture. How do this ppl think or hw do they take lives of others?. This Gov’t is killing us 4real. No need to go on with this kind of Gov’t. Messing up with low income earning families lives.I condemn this extremely….

  10. This is indirect torture…
    This is indirect torture. How do this ppl think or hw do they take lives of others?. This Gov’t is killing us 4real. No need to go on with this kind of Gov’t. Messing up with low income earning families lives.I condemn this extremely….

  11. sisi tulitaka tunyanyazwe…
    sisi tulitaka tunyanyazwe wacha tunyanyazwe ,we did not play our cards well .

  12. Government aja itafute pesa…
    Government aja itafute pesa kwa njia nzuri si kuib
    ia wakenya now and then so shameful . safaricom byee …Airtel welkam

  13. oh poor Kenyan we are…
    oh poor Kenyan we are finished. who will benefit from the 4 said economic Pilars if people are dying of hunger ,and again putting ahot nail on awound
    by stealing from them and giving to the rich.Kenya belongs to rich.but heaven belongs to the poor.

  14. better airtel or orange…
    better airtel or orange. Safaricom imekuwa kila wakati ni kuibia wananchi woie

  15. Those are abnormal profits…
    Those are abnormal profits.. why look for more from poor Kenyans?

  16. this government should bring…
    this government should bring down that big budget how comes you(government) over straining us just to make your pocket rich day by day. intact you could have reduced the budget because much has gone to pple pocket I.e. NYS and every corner of your government so why make us to severing

  17. I have persevered enough…
    I have persevered enough… am sorry safaricom,,, what I have to say is kwaheri na tukutane wote airtel…

  18. Find a pikash agent near you…
    Find a pikash agent near you to serve you better bridging customers to services.. The independent players are better.

  19. Better Equitel of which from…
    Better Equitel of which from one account to another but same bank is free… .

  20. This is not fair at all…
    This is not fair at all poleni kunipoteza Mimi so wenu tena welcome airtel

  21. why don’t you follow money…
    why don’t you follow money embezzled in NYS and Kenya pipeline but instead you keeping on imposing more tax on poor citizens…government + safaricom forget about this anymore…Airtel Oyaah

  22. that’s preposterous,ysterday…
    that’s preposterous,ysterday I withdrew 2400 & was charged 28sh n not 27sh….furthermore,sending 1-100sh is charged at 2sh….

  23. I migrated long ago,I’ve…
    I migrated long ago,I’ve just been checking what these greedy people do to the common mwananchi,they just want to have profits and then blind fold us with the stupid offers they call giving back to the community. There’s nothing like that,give us the best service not making us feel like we are paying their debts..but all in all,no riches in heaven.

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