Safaricom waves M-pesa transaction fees

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Kenya’s leading telco, Safaricom PLC on Monday will allow its customers to transact up to Ksh 1000 free for the next 90 days. This directive followed the President Uhuru Kenyatta plea for all financial sectors to reduce the transaction fee in the face of Coronavirus Covid 9 pandemic. Corporates were encouraged to have employees work from home in order to tame the spread of the disease. The country is currently experiencing a shutdown of educational institutions and the judiciary systems.

Safaricom issued a press statement highlighting some of the temporary adjustment that the corporate has made as the nation grapples with the disease that has saw far seen four victims infected.

 “To support this, and in particular small and micro business enterprises (SMEs), CBK has also approved the increase of daily M-PESA transaction limits from the current Ksh70,000 to Ksh150,000. Kenyans will also be able to transact up to Ksh300,000 up from the current limit of Ksh140,000 and hold up to Ksh300,000
in their M-PESA wallets,” read the statement.

Safaricom is also working with the Government by providing a Call Center and integrating a toll-free line 719 which has been set up by the National Emergency Response Committee on Coronavirus to support Kenyans in understanding how to prevent and manage suspected cases.

Safaricom boasts of over 10 million subscribers.


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